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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (39624)	7/1/1999 12:36:00 PM
From: LTK007	Read Replies (2) \| Respond to of 122087

Wow! look at that &%$#*&^ down 61 points!! whewee! Max

To: Anthony@Pacific who wrote (39624)	7/1/1999 12:41:00 PM
From: Mr. Big	Read Replies (1) \| Respond to of 122087

Hope you are not still holding a short on STMP... Have a good Fourth of July! Mr. Big

To: Anthony@Pacific who wrote (39624)	7/1/1999 12:42:00 PM
From: LTK007	Respond to of 122087

With apologies to Cramer(gees I got to lift a few JC,as your site is password blocked I can't give a link) here is his talking about ABRX fiasco Chaos at the Close By James J. Cramer 7/1/99 9:22 AM ET You will hear plenty of theories about why ABR Information Services (ABRX:Nasdaq), that fluke that was up 200% at the bell last night, ramped the way it did. ABRX, for those on Mars, was the stub of a stock being bought by Ceridian (CEN:NYSE) for $25 a share and change (the remaining shares that had not been tendered). It went out at 90 last night, as someone frantically bought 85,000 shares. Ridiculous, but true. A real Ripley's. One theory, propounded by my friend David Faber on CNBC, has it that ABRX may have been part of some reweighting of the Russell that occurred last night. That's wrong. Here is what I think may have happened. I think that people bought the wrong stock. I think that maybe they may have meant to buy ABGX (ABGX:Nasdaq) and just made a symbol error. ABRX wasn't being added to the Russell that I can tell, so that explanation doesn't hold water. Whatever. The larger issue here, of course, is that if the NYSE and the Nasdaq want to extend hours, they ought to try to do it at the end of these quarters as a trial. The chaos yesterday was positively Saigon-like, circa 1975. Some of these specialists got on the helicopters from the embassy. The public didn't.