To: Don Pueblo who wrote (990 ) 5/31/1998 10:14:00 AM From: Hoatzin Read Replies (4) | Respond to of 2770
GLOBAL MARKETS ROILED BY CRASHCO RUMORS Sunday, May 31 - Business Wire: A firestorm of frenzied trading swept the globe today, fueled by rumors of a possible bid by FBN Associates [NASDAQ: FBNA] for obscure bulletin board stock CRAPCO Management. The CBOE Potato pit was once again at starting point, but the frenzy soon spread to Seattle, where Moosh futures opened limit up, and the pit was closed after only half an hour. ""They were carrying people out over the heads of the crowd", said one trader, wearing only a thick plaid shirt and an even thicker layer of OXY-10.."It smells like Teen Spirit in there." In Hong Kong, the MSG pit saw very volatile action, as traders scrambled to buy back shares of COSHCO they had previously sold short. One trader, who declined to be identified, said, "Mad Monk fella, he said this one pork fried rice going to the Moon, baby." In Mexico City, the atmosphere in Refried Bean Pit was thick with excitement. CESSCO futures opened at 28 pesos, surged as high as 30 pesos, before slumping to 27 pesos as profit takers moved in. One trader, wearing a sombrero and matching cowboy boots, who would identify himself only as "marcos", said, "Go home, gringo." In London, the London Organ Meats Exchange broke a centuries-old tradition by opening on a Sunday to trade in CRISCO options. "I made over four million pounds this morning trading this ", said one trader, who would identify himself only as Lord Belchett of Beavermere, "Now naff orf, mate, I've got to home and have my Spotted Dick and custard while I watch tiddlywinks on the telly." In India, a five day cricket match between India and Pakistan was interrupted after the Pakistani opening batsmen detonated a nuclear device in a desolate mountain region near the mid-wicket boundary.