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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (36389)	1/14/1999 8:33:00 PM
From: Berney	Read Replies (1) of 94695

Bonnie, The folks that got hurt yesterday were probably the Buy and Hold types that were using loose trailing stops. Talked to a friend today that got stopped out of his whole portfolio. The way it was done was pretty nasty. For example, he lost NSCP at $53 (ouch). He said that when he got back from a meeting and looked at the day's results he wanted to cry. I imagine he wasn't alone. The MM's ended up getting some really cheap inventory. Berney

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