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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (52744)9/15/1998 9:10:00 PM
From: NickSE   of 58727
 
** OT **

Here's the news on the tape.

...The committee was expected to meet in closed session either Wednesday or Thursday to begin the process of deciding how much of that evidence - which includes Clinton's videotaped testimony - should be made available to a public...

...Democrats fear the videotape of Clinton's testimony will not put him in the best light. Those familiar with his grand jury appearance have been quoted as saying Clinton lost his temper several times and once had to take an hour break to cool down...
msnbc.com

rumor going on with the talking heads tonight that Clintons video before the grand jury may come out tomorrow.

Combine the tape with no interest rate cut news tomorrow and you get a nice one-two punch combo that will kill this rally dead. If what Stephen says is true, MM's covered positions before AG's speech, and the rally should be ending shortly. JMHO!

To: +Gabriel Dubois (52722 )
From: +Stephen Tuesday, Sep 15 1998 7:01PM ET
Reply # of 52747

I haven't been paying attention today, but did overhear the trader in the pits say that the pros who need to buy stock to square positions for this Friday have been doing it early (impression I got was yesterday and today) and that action is far from being all real buyers. I got the impression he was negative on the market for the rest of the week from his tone .... so after a slight upbeat tomorrow, I personally expect a pullback.

Regards,
--o--
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