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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (36178)	10/12/1999 12:20:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Believe it or not, I was short the SP's October 19th, 1987.... hehehehe..... GZ

To: John Pitera who wrote (36178)	10/12/1999 10:16:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

< Victor Neiderhoffer, the barefoot trading guru who wrote that book on trading wiped out his accounts on OCt 27th of 1997 doing something along those lines.> As I recall, and it's been awhile, Neiderhoffer blew up in Thailand the previous trading day and tried to re-coup using SnP Contracts in the CME. The story was, ....well, I can't remember the firm....but it was pretty open knowledge that Neiderhoffer was Buying as the market was sailing down. The next day, aware that Nat Commodity or whoever it was had to cover, they ran it down further as the Clearing Broker had to cover by Selling into it. When they finished covering Neiderhoffer's position the Market took off like a rocket. Check the Intraday's, it's pretty obvious if you look at it with that in mind. Neiderhoffer was suing the CME, last I heard, late last Winter over the issue. But my point was only that it was SnP's, not options, I'm positive.