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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Nunn who wrote (1773)	9/1/1998 2:49:00 PM
From: lin luo	Read Replies (1) \| Respond to of 2578

They tried to squeeze the speculators by playing the markets, and people knew that. This is the sole purpose of doing this to stabilize the market. The market will be much normal when the big players are out. They are sometimes the markets. Check the news on that day from Yahoo side. Actually, it does not matter to know how they did it. I can speculate based on my experience. If you are interested, read my past posts to see how I would have done that if I were them.

To: Geoff Nunn who wrote (1773)	9/2/1998 10:17:00 PM
From: Bilow	Read Replies (2) \| Respond to of 2578

Hi Geoff Nunn; * Off Topic * About the HK intervention... I read the articles from the South China Morning Post, which is published in Hong Kong. A simple login will get you access: scmp.com Basically the government bought stocks, while selling the next future. In other words, they did a reverse arbitrage. My only conclusion is that what they would really like to do is destroy their futures. While they were supporting stocks, it would have been a no-brainer to sell stocks and buy the future, and any market maker would have done exactly that. So what they did was make a munificent gift to the market makers. I can't see the slightest reason for their action, as reported. I agree with you. This is not the actions of a government given to even a simple understanding of how markets work. I think it will be totally impossible for them to avoid playing with their new toy: Hong Kong, and I am quite sure that they are unaware of what the consequences will be. One cool thing about western capitalist governments is that have been burned frequently enough to know to leave things alone every now and then. -- Carl