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To: pater tenebrarum who wrote (83343)3/21/2001 10:48:26 AM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
so april first they sell japan and buy back the dow, right?

april fools day?



To: pater tenebrarum who wrote (83343)3/21/2001 1:16:48 PM
From: NOW  Read Replies (2) | Respond to of 436258
 
i dont think Japanese have really repatriated yet Heinz.
Check out the Yen chart:
quotewatch.com
It looks more like BOJ yen selling to buy futures: weaken the yen, support the nikkei, then repatriate with a weaker yen (after maximizing treasury profits in US).
good strategy short term....



To: pater tenebrarum who wrote (83343)3/21/2001 5:54:25 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
If They Want To They Probably Will Be Able To Buy Back Whatever They Sold For Less

Except for the problem the might have with the currency conversion.



To: pater tenebrarum who wrote (83343)3/22/2001 5:42:48 PM
From: Jumper  Read Replies (2) | Respond to of 436258
 
>>my guess is the Japanese banks have been selling stocks<<

The selling I have seen for the past few weeks has been coming from Datek and ETrade market makers - do the japanese have these accounts?

IMHO it has been poor sheep tossing in the towel. Sheep have been Ram-Bussed while contestants of the BSG have been winning fabulous cash prizes to take the risk.

Will keep your scenario in mind though. Sometimes you have to slap and run.