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To: PnclNk who wrote (4292)10/15/1998 3:38:00 PM
From: Shelia Jones  Read Replies (1) | Respond to of 14427
 
I am really, really glad I went shopping.

Anybody know what's wrong with poor AU? (I've been out of it a couple days but isn't someone else doing support buying?) The other golds are up.

NBTY - way to be Thean!



To: PnclNk who wrote (4292)10/15/1998 3:44:00 PM
From: drsvelte  Read Replies (3) | Respond to of 14427
 
Pencil,

Actually this is playing out as LT speculated. Big spike up after announcement, gold spurts, followed by the CRASH. The first two occured, now let's see about the big one!

One way of looking at this is the FED has shot it's wad. They certainly will not ease again soon. Now what undisclosed good news remains? It seems remarkable that this announcement comes right before expiry, but perhaps I'm reading too much into this.

Ironically, I had come home this afternoon. I had just entered a short trade on YHOO, precisely when I heard the CNBC announcement. I tired to cancel my order, but it executed and I watched YHOO sail up 3 points in seconds. It has drifted lower, however, and I'm not in too much distress (yet)!



To: PnclNk who wrote (4292)10/15/1998 4:21:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 14427
 
LT is uncanny with his inside info. Check the short sale on PEG at the top of the rally today.http://www.iqc.com/chart/default.asp?period=120&chart=candle&chart1=ma&or=y&volume=y&stochastics=y&rsi=y&momentum=y&symbol=peg&time=5m The March 30 puts are 5/16ths!!! Check a weekly chart and you'll see that if PEG corrects then 25 is very realistic.