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

To: yard_man who wrote (30026)	10/3/1998 3:21:00 AM
From: James F. Hopkins	Respond to of 94695

Hi Tippet; Yes I look at him, but don't get into the perma bear, or perma bull thing too far if I can help it. My theory of LTCM doing the shorting is just an after the fact guess that it was likely them. I have no way to verify that it was them. I just happened to be looking at the futures when they went down , and being I've watched them a lot happened to notice that it was peculuar, ( normally the index and futures adjust fairly fast, you may get a spike or something when the program trading curbs come on ) but it's was like the futures went under water , and they just stayed there, and, stayed there, and on very high volume. It was two weeks or so later I hear of LTCM, and then the picture formed that what I had seen would have taken someone as large as them to generate that much imbalance and volume. I don't write it in stone as being LTCM, but the shorting was huge. Jim