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Strategies & Market Trends : P&S and STO Death Blow's
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To: illyia who wrote (22010)1/3/2003 12:37:52 AM
From: LTK007  Read Replies (1) of 30712
 
Thanks illyia, i missed it and am very glad you reproduced it here.
Arthur Cashin is gem amongst mud balls:)
The extra U.S. could include a Major off-shore Hedge Fund, and one in partnership with a big onshore house.
What they can do in rapid action is incredible. They probably just push one button and the computer does the rest in superfast electronic trading.
But my gut feeling, and gut feeling only,of course, is that they were going for a huge profits quick money play via options and futures they had already put in place.
That is they set it all up in advance then hit everything simultaneously to move all in the direction of their future and option positions.
Is this criminal manipulation. Absolutely.
Will anybody do something to stop ths? No way.
Could they have failed and been wiped out. Well, yes, if at the time they were going to do this a nuclear bomb exploded in Dallas Texas or wherever.
They move so fast, their time of risk is minute.
This is all conjecturing on a Flemingnesque level.(vbg)
p.s. i have little doubt someone "robbed the bank" bigtime today.max

CNBC must have been 'pooping their pants' LOl! hey don't we all know the market is an honest and straightforward place for transacting business:) CNBC teaches that at all times.
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