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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (949)	6/21/2005 2:36:51 PM
From: herry iball	Read Replies (2) \| Respond to of 4814

I don't watch CNBC but apparently they reported something of interest last week: "Perhaps that would explain why CNBC reported, on at least two days last week, that some mysterious buyer came roaring into the SP500 futures pits and gobbled up enough futures to control $300 billion in stock. $300 billion! In one shot! I mean, if the total capitalization is $14 trillion, then this one stinking position is 2% of the entire capitalization of all the stock markets in the whole freaking country! Naturally, the market went up, as off-setting positions of the sellers of those futures (who are now effectively short the market) were put in place and the shorts hastened buy to cover their positions so that they don't get killed in the rising market and blah blah blah. But $300 billion!" From one of Mogumbo's rants dailyreckoning.com Hard to believe, actually, and I was wondering if anyone has seen verification of this little fact (not that it changes anything, but it IS curious)

To: Walkingshadow who wrote (949)	6/21/2005 7:50:56 PM
From: J.K.	Read Replies (1) \| Respond to of 4814

...anyone have an idea of what happened today at 3:00pm? 20% of today's volume traded in less than 10 minutes, seemingly designed to go off right at 3:00pm: 139.142.147.22 ...that's around $750 million! A strong holding for a large mutual fund would be around 2%, implying a $37.5 billion-sized fund was at work here. The average mutual fund is around $5-8 billion. The largest fund is Vanguard SP500 at $80 billion. I'm not much in the know about how the big boys trade, but it seems somebody dumped a lot, if not all, of their tech holdings in one throw down. ...anyway, closing at that same price area again: stockcharts.com[h,a]daclyyay[da][pi!a37.87][vc60][iUk12!Up14,3,3]&pref=G ...sox perking up though: stockcharts.com[h,a]daclyyay[da][pd20,2!b20][vc60][iUk12!Up14,3,3]&pref=G ...everything else looks bearish today. ...still feels good to be short this market. J.K.