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Strategies & Market Trends : The Millennium Crash
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To: Tommaso who wrote (527)8/28/1997 10:00:00 AM
From: Bilow   of 5676
 
Yep. Gambler's ruin (of course). SOX is down 9 pts this morning.
The amazing thing about the low margin requirements on futures
is that they are even lower than the disastrously low levels back
in the 20s, who also were regularly sold out when prices retreated
even before the big bear.

I'm going to follow the market this morning, and probably take
some profits. I've also got puts on the computer index (XCI),
but it has not dropped as much as the semiconductor (SOX).

-- Carl
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