INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: Berney who wrote (6448)	8/2/1999 3:32:00 PM
From: MonsieurGonzo	Read Replies (1) of 11051

TB: you got it, Dude... somebody needs Yen real bad; they're buying the &%#@! outta Yen and selling TYX and/or SPX. Whenever the BOJ/FED/ECB troika* intervenes to keep the Yen from killing off Nippon, Inc.'s export-driven business, all these fundies and banks, etc., will rush out and get Yen loans (ie., "sell Yen") and dump the money back into TYX and SPX. That's "carry trade" (^_^) futures symbol is JY99U right now; see also DX99U set MTC STOP LIMIT, trigger 39-5/16 to sell position at 39-7/16. ...nice when you're up 1 bone, and don't give a rat's ass what the market does on the first session in August :-/ -Steve

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