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To: LRS who wrote (4892)12/22/1997 8:42:00 PM
From: fut_trade  Read Replies (3) | Respond to of 27307
 
<<Institutions buying at these prices?>>

Be careful how you interpret 'institution'. Basically, an investment club qualifies as an institution. It's a very general term.



To: LRS who wrote (4892)12/22/1997 9:16:00 PM
From: Terence Wilson  Read Replies (1) | Respond to of 27307
 
>You know, at 50, I thought that this was absurd. Right now it is >utterly ridiculous. Institutions buying at these prices?....some >people need to get their heads checked.

They are making quick money to boost their averages before the
year's end. Bottom line- shorts are losing cash and the longs have
$$$ rolling in. There's nothing crazy about making money. Just
because they're playing the game better than you doesn't mean
they need thier heads checked ;-)