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

To: Snowshoe who wrote (8038)	10/27/1997 10:41:00 PM
From: Rogue French Trader	Read Replies (1) \| Respond to of 94695

>> it will be executed at the closing net asset value that day. << I was thinking it might be executed at the average or something. Don't know much about mutual funds. I know you can't buy puts in an IRA, so I'm assuming you cant short stock either. This seems like the only way to play the comming bear. I suppose I could wait till the first pop back up, then buy the fund.

To: Snowshoe who wrote (8038)	10/27/1997 10:55:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Greg: I had to call Schwab as my order to short spy was filled but the order to sell money-market fund was still open. He said they were able to complete the mutual-fund sales for that day but that it wouldn't show up on my account until tomorrow. THAT means people like schwab have a bunch of shares they need to dump back in the market. I'll bet they do it tomorrow afternoon. It lowers the NAV for tomorrow's sales. just a guess. The schwab guy also told me he had 50 phone calls waiting after mine. This was at 5:30.