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To: pater tenebrarum who wrote (39981)11/22/2000 12:59:18 AM
From: Archie Meeties  Read Replies (2) | Respond to of 436258
 
Sobering. I see a thousand points of DELL heads hitting the glue bong in hope of a higher high.

Last time I spoke with that D Swiss fellow I told him to hedge his DELL like he was expecting Godzilla to land in Austin. That was in the low 50's. Here's hoping he didn't put me on ignore after some inane rant about euros, oil, and gold. -g-



To: pater tenebrarum who wrote (39981)11/22/2000 6:40:40 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Good morning. And a fine red morning it is (so far).

Yup, the old put options scam. I expect for awhile the parties at risk try to prop up the price while they cover their asses, but that does not work for long in a bear.

Everything starts to go bad when the market does not climb endlessly. It is a true house of cards. I expect that these sorts of articles will be appearing in the more popular press with increasing frequency; we are already seeing this. As we have been saying for so long, this sort of thing will figure large in the "What Were We Thinking?" specials. The list of bad guys at the end of all this will be truly enormous.