Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paxb2u who wrote (5610)	9/24/1997 5:08:00 PM
From: Tommaso	of 94695

That IS interesting. The other day when I shorted SPY, the Quick and Reilly broker kept me on a line a few minutes, saying "Let me see if I can borrow these." I thought he just was not familiar with the stock. He did get the position for me. It could be fun if a real squeeze develops--I mean, what's to keep SPY from leading the market down--what happens if there is a big sell overhang? I guess smart traders could do fancy things with options and even personal stock baskets. Buy SPY cheap and simultaneously short a closed-end fund, it that is available. Oh pooh--I am sure someone has this all figured out long in advance and is making money off it.

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