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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (118)	2/26/2003 1:36:32 AM
From: NOW	Read Replies (2) \| Respond to of 41518

PPT talk tiring? Probably just a lmaeass bear ewxcuse. but this wasnt you and me buying futures: "There was a large order for 1,200 S&P 500 futures contracts when the futures were trading at 829.50 at about 2 p.m. EST, noted Fari Hamzei, president of Hamzei Analytics. "We never looked back," after that trade, Hamzei said, suggesting "local" traders at the Chicago Mercantile Exchange who were short previously were forced to cover. Short-sellers generally cover positions by buying the underlying security they are short, producing higher prices and more covering still."