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To: DanZ who wrote (16156)9/4/1998 4:20:00 PM
From: Larry S.  Respond to of 53068
 
Oil - i just made up an oil portfolio to track on yhoo, i have BTJ GLM HAL KEG MIND MOB ORX OXY PTEN RDC SLB UTI AND VTJ on it so far. of the 13 stocks today, 12 are green and one is unchanged. Some of the gains are 3-5%. Hmmmm. Particulary like OXY here. larry



To: DanZ who wrote (16156)9/4/1998 4:25:00 PM
From: Iceberg  Read Replies (2) | Respond to of 53068
 
Chat: "discount to cash"

Dan,

You said...

>Today, starting at about 2:15 p.m., the S&P futures went to a huge discount to cash and stayed there for at least 30 minutes.

Would you please explain what "discount to cash" is, how you knew it happened, and what the importance of it is?

Thanks,

Ice