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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (3404)	9/12/2001 2:30:17 AM
From: Davy Crockett	Respond to of 5144

Interesting.

To: Michael Watkins who wrote (3404)	9/12/2001 9:54:46 AM
From: Vitalsigns	Read Replies (1) \| Respond to of 5144

My understanding is that Schwab will not be the only ones doing this . Japan and Europe have inititated the same procedure (No Shorts and no uncovered Puts) last night and I fully expect this policy to be in effect accross the board in the US and Canada when markets re-open. They will probably pump about $ 100 billion into the markets, Cut rates and the major firms will have been givin the go ahead to buy . Add that to limited shorts and puts , and we have the makings of a Short Squeeze after the markets fall and catch up to the overseas trading prices of Us stocks. Right now MSFT is priced at 52.30 euros or $48.11 Us , but today they are not alowed to trade any US stocks or Bonds until further notice, So we have to wait until US open to see where we stand. Should be a very very volatile few days IMO