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

To: Tommaso who wrote (8013)	10/27/1997 9:52:00 PM
From: Bonnie Bear	Respond to of 94695

Tommaso, it had to collapse. We did our homework well.

To: Tommaso who wrote (8013)	10/27/1997 9:58:00 PM
From: Mark Adams	Read Replies (2) \| Respond to of 94695

Yes folks, the international markets have engaged in a bidding war, each raising the other in a high stakes poker match to determine who can sustain the largest single day percent loss. On a brighter note, it would appear that some of the recently beaten up Semi stocks (off up to 50% of recent highs) held up well today, loosing as little as 5% compared to the 7% posted by the broader market. Be forwarned that the downward spiral kicked off by short selling of futures could reverse itself quickly as short sellers cover their positions.