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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (2246)	9/25/1998 12:37:00 PM
From: AugustWest	Read Replies (2) \| Respond to of 7247

Hi Tim, FWIW, I just got an order filled for MER also. screen showed 52-9/16. The confirmation showed 52-1/2. So I like my new position. Starting to get a collection of them cheap blues.

To: Tim Luke who wrote (2246)	9/25/1998 1:14:00 PM
From: Quiveringtrader	Read Replies (1) \| Respond to of 7247

Hi Tim...I know you're expecting a drop in rates Tuesday, but what if the drop is only 25 basis pts??? Greenspan is noted for disappointments and that would be, IMO, a big disappointment.

To: Tim Luke who wrote (2246)	9/25/1998 8:51:00 PM
From: Mighty Mizzou	Read Replies (2) \| Respond to of 7247

5 points eh? Is this based on a hunch or fact? I think the SF rate cut was responsible for todays positive action on a day the S&P's started -20. MER's chart today looked mighty anemic. I hope you're right, you've got people following your advice and putting their hard earned money on your pick. I see widening global economic problems based on derivatives in hedge funds. Hell, even bank regulators dont have a clue what the exposure is. This is a GREAT unknown and could prove disastrous to any financial institution involved. When was the last time you saw the Fed bail somebody out on the spur of the moment? This coupled with House hearings scheduled today for the coming weeks makes me think we could be on the edge of a financial nightmare. Too me, this advice is WAY too premature. Im not sure why these people follow your advice like gospel, but they would rather listen to you than do their homework. I would watch some financial programs this weekend to get a grip on what the deal really is. My worthless opinion. Good luck...