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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (12483)12/29/1997 8:50:00 AM
From: John Hunt  Read Replies (2) of 18056
 
Russell,

<< who are these guys buying globex up every morning,, and why???? >>

If I really knew the answer to that, I would be sitting on a beach somewhere, instead of freezing my butt off up here.

My guess is that the Plunge Team is developing a taste for playing the new leveraged market stabilization game on a preventative basis, instead of just on crashes. I find this scenario scary and costly, as it is tough to fight the fed with my puts.

:-((

BWDIK.

John

Registered Member of Paranoids-R-Us



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