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To: John Pitera who wrote (36649)10/14/1999 11:58:00 AM
From: Defrocked  Read Replies (1) | Respond to of 44573
 
The conspicuous seller today has
been Morgan Stanley. We need GS paper to
puke out all their longs bought during
"the ramp", from 1267(the last low) to 1300
on Sep 28th ,in order for real capitulation to occur.
Everyone in the pit "knows" they're holding and
will back away fiercely when the GS desk starts
selling. (Its possible the major GS long customers
have already hedged OTC,CBOE or liquidated. If they did
they were quiet about it.)JMHO.