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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Mark Davis who wrote (13363)	7/9/2001 9:19:50 PM
From: OpusX	Read Replies (2) \| Respond to of 18137

wow that was intense, from the pres of the co too. any comments from the "pros" here on the scenario he outlined? or on trailing stops in general? OpusX

To: Mark Davis who wrote (13363)	7/9/2001 10:10:49 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Mark, I looked at the calendar but it wasn't April 1st. This is almost unbelievable. Alan

To: Mark Davis who wrote (13363)	7/10/2001 2:10:55 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 18137

Mark, I've looked at the other two responses to the post and they both missed the key point. Alan, the date was Oct. 19, 1987, not April 1. And the key issue isn't CYA, it's illiquidity. Which almost no player in the market understands. Portfolio insurance crashed the market and Tom Peterffy correctly assesses the possibility for this instability to be re-introduced via trailing stops. Anyone who even begins to think that stock markets are liquid is setting themselves up to have their head handed to them on a plate. And they ought to be grateful that the FRB has a Plunge Protection Team in place to save our sorry asses from our worst excesses of panic and fear. JMVHO. -Ray