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

To: Brinks who wrote (28756)	9/24/1998 4:55:00 PM
From: James F. Hopkins	Read Replies (8) \| Respond to of 94695

Net; This was a hedge fund , and they didn't exactly bail it out and I'm not sure they should have done anything. This hedge fund got caught short, I posted about a month ago how the hedge funds were leveraging to high heaven trying to drive the market down. The problem here no one was minding the store, and the hedge fund was using money borrowed from banks in this leverage of short selling the futures. About a month ago I posted they were going for broke like a do or die situation showed up right around the 1st, I saw those huge losses shorts took futures when the market bounced, and they started shorting more. I did not know they were doing all this shorting on credit. ------------------------- In effect we are bailing out the shorts, the same offshore hedge funds that want to kill the American economy are being given a helping hand. It is sort of ironic. People were surprised at how fast the FED acted, well they didn't act all that fast, ( this was planed for at least two weeks ) there is no way it could happen without collusion. Crap if you will let me use your money I will short the market to high heaven too, I get 25% of any winnings but it really cost me nothing if I lose. Instead of this bail out I would shut down all short sells, and give the vultures 24 hrs to cover. This market is so crooked it makes a snake look straight. I'd but in new rules no one on margin could use short selling, how can they pay off when they don't own enough of anything to sell ? Kill shorting where the public stock is borrowed at no interest. Like if my broker uses my stock to short with he should have to pay me full money market rates while it's borrowed. The public is caught up in a scam game, the Bankers and Brokers have a win win situation no mater what happens. Isn't it great. Jim