Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bearshark who wrote (7639)	10/27/1997 9:24:00 AM
From: bearshark	Read Replies (1) \| Respond to of 94695

I took a simple average of the declines on the European markets and came up with a number of down 3.6%. If we have a DJI decline like that it would be about down 277. Maybe we will have a chance to see trading halts today. When I read the CBOE rules all I could think of was--it won't be nice. Unless something really bad happens during the day besides the opening, I have the feeling that the selling will be absorbed without too much of a problem by the end of the day. Just cannot figure out why I feel this way though. Well, its time to watch the opening.

To: bearshark who wrote (7639)	10/27/1997 11:55:00 AM
From: bearshark	Read Replies (2) \| Respond to of 94695

The story today is in the NASDAQ (down 58) although the DJI at this moment is down 170. I heard a report on CNBC that brought back old memories. Oxford Health Plans (OXHP) has lost over 50% of its value this morning. It is down about 39 points today to about 29. Prior to its announcement of an earnings and revenue disappointment this morning, a major brokerage firm had been recommending it as a buy. Since I started writing this note, the DJI came back to 127 and the NASDAQ is back to 53. The NASDAQ is taking more damage than the DJI. The tick has been nearly as negative as it can get--minus 1000 plus at the opening, minus 1600 plus at its worst, and never better than minus 550 plus.