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

To: Geoff Nunn who wrote (1775)	9/1/1998 3:59:00 PM
From: lin luo	Read Replies (2) \| Respond to of 2578

I did understand what you meant. It just you might want to know the nature of this game. They bought from 6500 up and held it till last Friday which was the last trading day of the futures contracts. Since the speculators short, the government must hold the long positions and they would take the positions on the first-notice-day (sometimes it is the same as the last-trading-day, I am not sure about this futures), during that time the speculators had to cover otherwise, they had to take delivery. For which they had to pay full price. To play futures, you only need 10% as the margin. I am sure the government must have been buying on all markets. So, on Monday, they tried to hedge their leftover for this play. Do you really want to figure out how to play? I don't know why you hate Chinese government so much. It really should be me, not you, to hate them.