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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (47670)	7/26/2002 12:15:23 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

It's an indicator, but it's small money. Like I said, they are "traders", with all that implies to me: by and large, steely-eyed pricks who would rather eat your heart for lunch that cut you a break. And the money. Let's see. They are short about 70k spoos. At $250 a point, let's say their average entry was as high as 1125, which is probably a tad high. Anyway, that's around $19.6 billion. Well, they are on margin as per all futures traders, so modulo the leverage, their outlay is probably 25% of that, which gives us $4.9 billion How much is that? Oh, about 2x the dollar amount traded this week in one itty-bitty POS like QLGC. (61m shares x $40). Don't make me laugh. -g/ng