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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (20201)	9/8/1998 4:41:00 PM
From: Andeveron	Read Replies (2) \| Respond to of 50167

>> when you have shorts with tended necks the pits take them out, we knew it al along and played accordingly. << In other words, today we witnessed the mother of all short squeezes that knocked out a lot of greedy bears who had gotten complacent over the past couple of weeks of down days and selling into strength. A bull rampage of epic proportions was the medicine against the bear malaise... In still other words, nothing has changed fundamentally in the world economy, just that the squeeze became a momentum monster that took out all stops and wiped out futures players who were short the Dow and S&P. Just got a call from my golfing buddy who lost ~$150,000 sitting short on futures. Thought the rally was a bull trap. Now licking wounds and preparing for tomorrow...