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To: Lucretius who wrote (121373)	9/12/2001 7:35:12 PM
From: timers	Read Replies (1) \| Respond to of 436258

i think it's obvious that they must keep the mkt up and higher before expiration or big derivatives writers fail which makes ltcm look like cakewalk. after that i don't think they care as much. squeeze into exp?

To: Lucretius who wrote (121373)	9/12/2001 9:08:55 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 436258

Given the extent of the devastation to the back offices and communications, I think we'll be lucky if the system is able to handle normal trading, never mind the short sales. My guess is that the exchanges wanted to wait until Monday because they didn't think they'd be ready before that, and the SEC leaned on them to get things going earlier. I'm no trader, and you folks are a lot smarter than I am, but I think that anyone attempting anything other than a basic trade (i.e. something where you don't need immediate certainty that it was actually filled) is taking a big risk. Things could get quite messy.

To: Lucretius who wrote (121373)	9/12/2001 9:11:54 PM
From: Tommaso	Respond to of 436258

I can't remember how often I agree or disagree with you, but any effort to interfere with the short side is likely to provoke more plain selling. Personally, since I am already in position with a bear fund and shorts on the Dow, it's fine with me. But I disapprove on principle.