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To: Ron Bower who wrote (2213)	8/30/1998 4:00:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 2951

Thanks for the awesome links Ron. Keep them coming! >One broker with a US firm estimated the Government bought at least 20 per cent of the free-float of the benchmark index. Too bad this isn't really confirmable. If the govt really does have US$15B long (I'm not sure why, but govt interventions always seem to be overestimated by traders), asking for delivery of shares really might cause a panic buying as the shorts scurry to cover. Not only that, they'd probably ask all their buddies to ask for delivery as well... just as the shorts are working in cohoots, so may the longs. Bear in mind that no one has any real idea how much the govt is short Sept futures, so not only do we not know how big their position is, we also don't know what their exposure is. Finally, the tone for the SCMP was much more upbeat than of late. This is scary. For the biggest risk is never when government intervention fails, it's when it succeeds. p.s. you tell me if it's a natural talent.