Forecross Corporation : Y/2000 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Forecross Corporation : Y/2000

FRXX 0.000400

+100.0%

Mar 7 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Jurik who wrote (1445)	10/4/1998 10:49:00 PM
From: Ruyi	of 1654

Mark, As you are aware Merrill Lynch not long ago released a Y2K research report down playing the Y2K problem. Now it turns out, Merrill is a big loser in the LTC hedge fund crash ($2.8 billion apparently). I'm still wondering how much of that report was self-serving. Merrill, it appears, was heavily hedged with an interest to keep gold low and protect their hedged positions (contain panic). The report came out just about the same time Clinton made his first Y2K speech and other high profile Y2K news was breaking. The report appears to have had the effect of knocking Y2K stocks down creating an atmosphere of complacency in both gold and Y2K and allowing other stocks to rally. Merrill, as it later turned out, was also unwinding large equity positions (as they stated in a subsequent report) and was apparently shorting gold through LTC. Any thoughts?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next