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To: shane forbes who wrote (7450)	10/27/1997 5:24:00 PM
From: gregor	Read Replies (1) \| Respond to of 25814

>>>> Ist it just coincidence or does this "collar thing" work in a perverted manner in preventing declines of the magnitude of the collar? <<<< I feel that it is really good for the overall health of the market. 1. encouraging buying on the way down because it limits a one day loss when you feel you are at the nadir of the day. 2. gives mutual fund managers a chance to think overnight about strategy instead of blindly meeting cash or liquidity requirements in their prospectus'es. I guess orderly chaos is better than disorderly chaos......gregor