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To: Lucretius who wrote (71806)	10/26/1999 11:55:00 AM
From: MythMan	Respond to of 86076

no longer a rumor....

To: Lucretius who wrote (71806)	10/26/1999 12:09:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 86076

i'm wondering why the move to include INTC and MSFT in the Dow is interpreted as bullish for these stocks? as Mohan has pointed out the index funds concentrating on the Dow are not that big...so what exactly is the reasoning behind today's moves?

To: Lucretius who wrote (71806)	10/26/1999 1:02:00 PM
From: PaperChase	Respond to of 86076

I had a good laugh today. You have been expecting a crash in the indexes and meanwhile the DOW index is rigged further with the addition of 4 high flying companies that have recently sold off, and the deletion of 4 laggards. I will mention for the benefit of others here that you can not hope to win over the longterm by playing puts on indexes that are rigged to always go up. You should be buying puts on sectors in decline or buy calls or long equity positions in the new DOW additions like SBC. SBC may dip further after they release earnings but it should be viewed as a buying opportunity.