Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (24814)	8/21/1998 3:57:00 PM
From: James F. Hopkins	Read Replies (2) of 94695

LG I have to wait on Monty's scan, but on the surface I don't think the market sold off as hard as it looked, there was a concerted effort by some offshore hedge funds to short the market hard today, and I think they gave it their best shot..right as I type this they seem to be going for broke, they are already in trouble with their long bets in Russia, and are trying to play catch up going short the US. if it don't work some of them will go belly up. They are leveraged out to the hilt. I'm closing my DIA at 85-1/8 if it takes. Bears still strong in the pits and may set up a gap down for Monday, Jim

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