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To: 10K a day who wrote (202574)	11/6/2002 9:13:45 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 436258

HI Impristine :-) Every one who can read needs to check out, CHICAGO (Reuters) - Chicago Board of Trade Chief Executive Officer David Vitale has resigned, effective immediately, the full story is story.news.yahoo.com While it's still on line, "what is so interesting ? and what seems to go unnoticed by so many mullets in this market is the way these guys "think".. This type of thinking is and has been permeated throughout the market for years. Note CBOT was falling behind in the race to electronic trading and needed a radical makeover to survive in the intensely competitive derivatives industry. There was even talk the exchange would eventually issue shares to the public. Then Note Since then the exchange has moved back into the black and already has secured 2002 as a record-setting year for trading volume. Some insiders have said the renewed success of the exchange prompted the board to tone down the for-profit proposal. ----------------------- Now think about it, when they saw a problem they wanted to take the CBOT public and sell shares to the mullets. BUT as soon as things seemed to pick up , they changed their mind and would rather keep it privet. ---------------------- I remember my self and several others on SI taht told every one back when GOLDMAN SACHS GRP went public in 1999, taht it was a sign the market was getting very toppy, as those insiders would have in no way decided after all these years to dump the company in the lap of the public, if they didn't see problems ahead. ---------------------- It's just the way things work in this market, at least more often than not. Jim