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Strategies & Market Trends : Sharck Soup
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To: GHOST TRADER who wrote (35160)9/12/2001 12:41:46 PM
From: Sharck  Read Replies (2) of 37746
 
"...but from what I experienced live in the trading room yesterday when these airplanes where slamming into the WTC some people and they know who they are there first reaction was to sell all stock buy oil and gold stocks. Unfortuanetly we are in a business driven with greed so I am very skeptical on people not shorting these stocks..."

Gary,
I take that personally. You know that I started warning people to close out positions before there was a second airliner attack and before it was even apparent that there was an attack of any kind. It was, is and always will be my primary duty to protect those on my site. That is my obligation. Once it DID become apparent that this was a hostile strike, I asked the site if they thought it appropriate for me to continue to discuss trading strategies. You did suggest I switch from mic to typing and I heeded your request. The trades that were done was simply out of reflex as buying GOLD and OIL stocks and limiting our cyclical (tech) exposure to any downside is just prudent trading and my responsibility to the site. I had many PMs from persons who thanked me for my quick actions while maintaining as diplomatic a stature as humanly possible under those circumstances. My true colors are the protection of my subscribers first and foremost. This is not a mutually exclusive events where by we are making choices to gain from other persons tragedies. Further, I in no way suggested at anytime, to go short any US Airline, period. I respect your right to say what you feel, but please understand my position here too.
S
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