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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Grandk who wrote (79051)1/24/2008 10:59:10 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
"When the bank discovered the concealed trades on January 19 and 20, it decided to close the positions in the market as quickly as possible, but this coincided with a sharp market sell-off, and the bank's losses on the deals spiraled to 4.9 billion euros."

So that's who was doing the selling ...

imagine that... all that selling took place while the market was falling.