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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (51126)	5/18/2000 9:08:00 AM
From: lawdog	Read Replies (2) of 99985

Another one bites the dust... May 18, 2000 Stanley Shopkorn Resigns Post At Moore-Run Hedge Funds By RANDALL SMITH and GREGORY ZUCKERMAN Staff Reporters of THE WALL STREET JOURNAL NEW YORK -- One of Wall Street's best-known stock traders is hitting the sidelines amid continued volatility in the markets. Stanley Shopkorn resigned as head of equities at hedge funds run by Moore Capital Management Inc., led by trader Louis Bacon. Moore is one of the largest hedge-fund groups remaining on the scene, with roughly $10 billion under management, in the wake of pullbacks in the past few months by two other high-profile hedge-fund managers, Julian Robertson and George Soros. The article goes on to state that Shopkorn no longer believes that the markets are behaving rationally. The corrections that should be taking place are extremely fast or just don't happen at all. I agree, this is a very strange market.

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