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To: Patrick Slevin who wrote (9210)	10/28/1997 10:31:00 AM
From: Jeffrey S. Mitchell	of 17305

Re: Selling into a panic I'll bet many electronic traders, like those on SI, had high sell orders set for profit taking, and low buy orders set to scoop up bargains. When the institutions starting dumping, it was these guys who I bet (automatically) supported it by buying. I'll also bet many electronic traders probably maxed out on the first wave of "bargains". If they start to lose confidence-- i.e. dump in hopes of buying back cheaper, watch out below. At that point the institutions will be back buying in bulk and the little guy will be screwed once again as the prices jump back up. - Jeff P.S. At this moment in time Clinton is speaking and the DOW and NASDAQ seem to be back UP, way UP!

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