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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (3214)	7/1/2001 6:27:35 AM
From: ChrisJP	Respond to of 6873

Hi lifeisgood you were a brave guy to take advantage of the Fridays fiasco. Glad you made a few nickels too. Bitter ... nope. I recognized right away something had malfunctioned and I stayed away. Like I would stay away from getting in an airplane that had a broken altimeter. I'm funny about stuff like that. Friday's malfunction -- was nothing compared to the systemic malfunction that occurred in October 1987 "Black Monday". Trust me. The last 30 minutes of trading that day .... when the system went illiquid ... I think IBM dropped from $120 to $105 near the very end. Now that is something that people have been talking about for years ! And a lot of trading rules we now have were a direct result of the Black Monday meltdown. And of course, the following day was the buying opportunity of the year !! Chris