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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (12846)10/27/1997 5:43:00 PM
From: Taqi Hasan  Read Replies (1) of 50167
 
Ike,

Hope you covered your naked 870 puts! Man, it was brutal today but lots of fun to watch when you are sitting mostly in cash. You only get to see history being made once in a lifetime. I expect a down open tomorrow, people didn't have a chance to dump before the market opened. The institutions started dumping after the market repopened at 3 PM. The buyers are still not scared, so we still have some ways to go - the EPC ratio was only 1.15 less than it should be to signal a bottom.

Regards,
Taqi
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