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To: Richard Russell who wrote (30129)3/13/1998 4:29:00 PM
From: Patrick Koehler  Read Replies (3) | Respond to of 53903
 
RR bulls and longs, don't panic with the close showing 33.
The REAL close, or last NYSE trade was 33 1/4, with
50k bid at 33 1/4 and 50k ask at 33 5/16. Which, by
the way, always amazes me. Two big fish wanting to
buy and sell 50k with only 1/16 difference on Friday
before the close, and neither gives in. I would cave,
and exit the position over 1/16.
Excluding the last several trades on exchanges other
than NYSE, the true low for today was 33 3/16.
Patrick