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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (19997)2/17/1999 9:48:00 AM
From: Cynic 2005  Read Replies (3) of 86076
 
<<What the heck is going on here? >> For one, too many bears are celebrating. There was hardly a dent in the profits dipsters made in the last few years. So, I expected a rebound after initial collapse - but there is no collapse.

And then there is this perspiration day approaching. If the big-houses sold a lot fo puts, they have to use all the tricks in the book to prop the markets. I guess, they could care less if the call buyers make money as they likely have sold them covered. Just a hunch - no facts to back it on.
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