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To: Night Writer who wrote (90779)4/19/2001 3:06:58 PM
From: MeDroogies  Read Replies (1) | Respond to of 97611
 
I'm with you. The good Cap'n is well known on his views.
I think AG made one mistake with the last rate increase...but other than that, he's been fine. So far, his decreases in the rates have been timely (though I wish more aggressive) and well handled. Yesterday's was a stroke of genius, IMHO.
We are at a floor in the market, I think. More decreases to come, and when the discount rate is back at 3, the next bull begins, because interest rates will essentially be zero to negative.



To: Night Writer who wrote (90779)4/19/2001 5:21:59 PM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
Last 10 trades

17:02:19 22.500 200 NYSE
16:59:42 22.350 500 NYSE
16:59:34 22.200 500 NYSE
16:54:10 21.320 4100 NYSE
16:45:08 22.100 500 NYSE
16:43:20 22.000 700 NYSE
16:41:38 22.000 200 NYSE
16:41:32 21.900 1000 NYSE
16:40:10 22.000 1000 NYSE
16:38:18 21.850 500 NYSE

20 minute delay



To: Night Writer who wrote (90779)4/19/2001 6:39:25 PM
From: Captain Jack  Read Replies (2) | Respond to of 97611
 
NW-- This early move has only helped me. There was the thought some CCs may need bought back but probably not. He needed to do this long ago. Since he was not as aggressive then he did not need to manipulate the mkts 2 days before options expire. The mkts would have had been able to get more out of it if he waited until Mon or Tues. Just wonder who he helped as he really creamed the shorts and many with calls. Had no shorts,, thankfully.