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To: Mark Fowler who wrote (16721)9/10/1998 3:40:00 PM
From: OtherChap  Read Replies (5) | Respond to of 164684
 
I'm fully short amzn again..

Split 50/50 between Oct 40 and Oct 60 puts



To: Mark Fowler who wrote (16721)9/10/1998 4:39:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
It is time for AMZN to go to 79 or better. Preferable 80.<<

I don't know if we see that today too much uncertainty surrounding the markets right
now.


Mark,

I sold my long at 80 1/4 today. Buy was at 77 1/2. I was lucky again.

Sold YHOO too soon and cut profits short.

Glenn



To: Mark Fowler who wrote (16721)9/10/1998 8:43:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
RUBIN: U.S. ECONOMY ON TRACK; CLINTON DOING FINE JOB

Futures World News - September 10, 1998 18:31
%ECONOMY %FINANCIAL %STOCK %CURRENCY V%FWN P%FWN

Chicago-Sept. 10-FWN--U.S. ECONOMIC FUNDAMENTALS ARE still sound and President Clinton is doing a "great job" of running the country, said one of the two men that U.S. financial markets listen to most closely.

In the wake of today's sharp sell off on Wall Street, U.S. Treasury Secretary Robert Rubin tried to calm traders and investors tonight by telling them the U.S. economy is doing fine and that he still has "great respect" for the president, who Rubin said is doing a great job of running the country.

In an interview with Tom Brokaw on NBC, Rubin also said Clinton's cabinet members are still "totally focused" on their duties, and always have been. Rubin said today's cabinet meeting was "emotional" and "personal" in nature.

Importantly, Rubin said he does not feel betrayed by Clinton, in the wake of the Lewinsky scandal, and that he still has complete confidence in the president. Anything that traders would construe as Rubin distancing himself from Clinton would be a signal to them that Rubin may resign his post. Most agree that would be very bearish for the stock and financial markets. The other U.S. official traders consider as being in Rubin's league, regarding market influence, is Federal Reserve Chairman Alan Greenspan.

When asked about the market reaction to recent developments in Washington and the world, the treasury secretary said it's "hard to tell why markets act the way they do."