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Strategies & Market Trends : Waiting for the big Kahuna

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To: Follies who wrote (19102)	5/26/1998 5:42:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Sorry but I was to busy to mess with the game, but what happened to Bobby's long position ? No matter I hit the MDY just before the close looking for a bounce..and might wish I hadn't by noon tomorrow. Just when things got hot the internet and the server started having brown outs, cost me a 1/4 pt on the spread too.. I hope people understand real trading seldom turns out as good as paper trading. Bids and Asks were all over the place today, with the best spreads going to the Market Makers, specialist and NYSE exchange members. Volume wise I'm 3/16 above maybe 2% of the MDY holders since mid march..if she dumps 98% of them will take a bigger bath than I do. If she dumps more in the morning I'll roll out and into a no load fund before the 2:15 dead line .. The more I watch these spreads skew during heavy trading the more I'm convinced the whole system is tilted so that the little guy does not have a level playing field..at least not on short term trading or options. I'm sure they want us to think we do, but it's not true. The big boys have the edge..and a good one at that too. ----------------- Jim

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