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To: donald sew who wrote (49336)	8/5/1998 1:40:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

Makemepoorer will be on video here in a minute on CNBC...he is at an investors conference today edit. he is dropping the word "stealth" first time in four years the dow could be susceptible to more than 10% correction 7400 to 7900 for this year he thinks we will make a bottom in sept oct and return to secular bull market WHAT WHAT WHAT????? yesterday it was bear market To: +tippet (30594 ) From: +Michael D.Burke Wednesday, Aug 5 1998 12:40PM ET Reply # of 30606 Tip, I hate to be a conspiracy buff, but there is a dirty secret called "bag" men on the floor of the options exchanges. Nobody will admit or can prove that they exist, but I have met many of them, some of whom said, in their cups, that they were the bag men for various firms. What a bag man does is, he executes a customer's trade for the brokerage firm. Now, if the trade stays flat or moves against the customer after 10 minutes or so, it is booked to the customer. But, if it happens to go in the customer's favor, the bag man keeps it, and punts it out of his account at a profit, most of the time to the original customer. He then shares the profits with the brokerage firm that placed the order. This is mostly done to individual accounts, as institutions have lawyers and the ability to check time of sales, etc. And, most importantly, the ability to pull the key and make a brokerage firm persona non grata. There is no real defense against being bagged. Your broker can just claim inefficiency, and probably has 1000s of angry letters from customers telling them how inefficient they are. MB Next Previous Respond