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To: pocotrader who wrote (45086)7/17/2007 12:00:23 PM
From: pocotrader  Read Replies (1) | Respond to of 78419
 
Or was that black Monday? I can't remember which lol
poco



To: pocotrader who wrote (45086)7/17/2007 9:45:45 PM
From: koan  Respond to of 78419
 
That is a very good question poco! Gold reached its high for many years at $500 THAT day; and then promptly fell way back with the market.

Ironically, as I recall, the market recovered when the fed opened the liquidity spickits, but gold didn't??

GW has had the liquidity spickets open for 6.5 years!!

Main point though, is that a stampede is hard to predict, but they happen.

1929-lol.

I actually shorted 1987 as we had several days warning this would probably happen-although not to the extent it did.

I shorted Honda I think?? $1 put options, interstingly the 1/8ths gained almost as much as the $1 puts. I made $10,000, but should have made $80,000.

I thought about buying the 1/8ths.