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To: j g cordes who wrote (30357)12/4/1997 3:56:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
Jim

we only dipped under 6% because someone wanted the "trophy" and brought it down according to CNBC

Now why in the heck someone would want this "trophy" and lose money is beyond me...i guess they have as much money as ego.



To: j g cordes who wrote (30357)12/4/1997 4:01:00 PM
From: Rick C.  Read Replies (1) | Respond to of 58727
 
Jim~Lot of good stuff here on the indices today, but yours has to get the gold star. Congratulations. It's nice to see how FA can be just as useful and timely as the voodoo!

Regards,

Rick



To: j g cordes who wrote (30357)12/4/1997 4:08:00 PM
From: James H. Irwin  Read Replies (1) | Respond to of 58727
 
Don't know if you heard, but on CNBC I caught the tail end of a story stating that a large buyer paid a premium of a couple points to crack the 6% yield number on the bond future. The quote I heard was "trophy trade," implying that somebody wanted to establish a breakout...on the short term...you know what they say about a fool and his money...I always thought they were lucky to get together in the first place.



To: j g cordes who wrote (30357)12/4/1997 6:50:00 PM
From: Dom B.  Respond to of 58727
 
Hello, Jim...re:"whoops...could have done better.."

hindsight doesn't count!

you did done good!

congratulations...

//dom

hehehe