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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (28258)	9/17/1998 8:41:00 PM
From: robnhood	Read Replies (1) \| Respond to of 94695

Yes lisa, I vaguely remember something about it.. Nonetheless , I would bet that the manipulation was some kind of squeeze or something some guy tried to pull at or near expiry to make a quick profit off the guys who couldn't afford to fight him. I highly doubt it was an attempt to move the entire market... russell

To: ViperChick Secret Agent 006.9 who wrote (28258)	9/17/1998 8:48:00 PM
From: S. maltophilia	Respond to of 94695

I seem to vaguely remember such an incident as an attempt to paint the tape on an OEX expiration close. A little pressure on the stocks can have a magnified effect on the OEX options and the perpetrators have a nice profit going into the weekend. But this is just a little background noise compared to what could be done in the 1920's or what takes a good chunk of the economic power of the Chinese government to accomplish in Hong Kong. Tommaso is right; when the public sentiment shifts, there is nothing that a conspiracy of brokerage houses or even the fabled PPT can do about it. If you remember a more significant incident, please post the details.