SLOVENIAN FUTURES MARKET ROILED BY HEAVY TRADING IN CRASHCO
Lubjana, 31 May 1998, Businesswire. In an extraordinary Sunday session, the Slovenian Futures Exchange (SLOB) racked up record volume in its exclusive Crashco June and September contracts (CR8M; CR8Q).
Mirko Djradkovichomiliesicz, Exchange chairman, said, "Thanks to the prescience of the Little Bird who writes the MAD DOG newsletter, which we are fortunate enough to receive free, by email, we were able to offer these highly interesting derivatives before anyone else thought of doing so. It was a smart move. Now rumor has confirmed the upcomming takeover of CRSK by FBN Associates, and the underlying is moving like a greased s*it, as we say in our colorful vernacular".
When asked to comment on current price and future outlook, Igor Grk, chief trader for Brujijujuswckjk Securities, told us: "After trading in a box for nearly a month, June broke out from 3.15 to 976.35. We see near-term resistance at 977.20, 977.80, and 978.10. Past that point it should be smooth sailing for both June and September. Floor sentiment suggests, in fact, that September should, as you Americans say, go to the sky by July". As he returned to the pit with three bottles of slivovitz, Grk was heard to remark that he intended to "party hearty" until the close.
In a related development, only a few hours ago GLOBEX announced that it, too, would begin trading Crashco futures. This news, and the resultant frenzied action, unfortunately caused the entire GLOBEX system to break down. No quotes are currently available for any GLOBEX issues. |
