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To: Glenn D. Rudolph who wrote (20733)10/8/1998 11:09:00 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Glenn hold onto your short positions more to go.



To: Glenn D. Rudolph who wrote (20733)10/8/1998 11:09:00 AM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
I still think the market is feeling for a temporary bottom, but I will wait until it's more obvious and pay more.

Oh, I got 26 for those 3 Nov 85's which I paid 11 1/8. Another $4,500



To: Glenn D. Rudolph who wrote (20733)10/8/1998 11:40:00 AM
From: e. boolean  Read Replies (1) | Respond to of 164684
 
Glenn -

This has been the program for the past few weeks - OC pointed it out early and I've posted on it a few times. The program has been pulled off a few times, and YHOO tried to behave as if it's earnings "surprise" justified greater strength than the DJIA, but the program was kicked in today around 10:40 in earnest.

My theory is that the manipulators know that the Plunge Protection Team is focusing on supporting the DJIA. I believe the program started around the time it was announced that MSDW, etc., were part of the cosy alliance that rescued Long Term Capital Management under the direction of the Fed.

The PPT has to ease the DJIA down to bring it in line with everything else at some point. That gives the manipulators the choice of 1) trying to keep up the pretense that there is a "flight to quality" to the internuts as they rise despite the DJIA fall, or 2) following the DJIA down.

I repeat: the Dow Jones Industrial Average is the key to YHOO and in particular NZMA behavior.

e.b.