Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (23462)	8/6/1998 11:46:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

Jim et al, CNBC was just talking about yesterday's reversal, reporting that a $100 million buy program was kicked off at 3:20 solely for the purpose of stopping the downward momentum and reigning in (squeezing) the shorts in the futures market who, per CNBC, had been getting a bit too bold. The result, according to the report, was and increase in the market value of the S&P 500 of about $150 BILLION. Clever bunch, huh? Especially if they were selling into the little squeeze they created. Gee, I though we had a level playing field. Bob PS: They didn't say, but could that program have been from Goldman?