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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (55675)	10/16/1998 11:42:00 AM
From: HairBall	Read Replies (1) \| Respond to of 58727

donald: The Utilities have been moving up with the decrease in rates, as one would expect. One would think they would be moving up with this rate cut? On Saturday (using Friday's closing numbers) when my technicals gave a buy alert for many of the Indices, they also gave a sell alert for the Dow Utilities. Of course, I must give the usual disclaimer that my indicators do not produce price points and duration of moves, only direction! Regards, LG

To: donald sew who wrote (55675)	10/16/1998 12:07:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 58727

Be careful, Don. Daytrading is not as easy as it looks. <g> A Bond Trader Elbows His Way Into the Market By JEFFREY L. HIDAY Staff Reporter of THE WALL STREET JOURNAL PARIS -- The darndest things happen when you accidentally lean on a computer keyboard. For example, you might sell 10,000 bond contracts on the Paris futures exchange without knowing it. It happened to someone at Salomon Smith Barney. On July 23, a trader on the Citigroup Inc. unit's Paris trading floor rested his arm on the F12 button of workstation number 201. Before long he'd placed orders to sell 14,500 10-year French government-bond contracts collectively valued at 7.3 billion francs ($1.3 billion). The contract price fell to 103.61 from 105.10. Buyers scooped up about 10,000. "We've done all these because we were on another screen and leaning against the keyboard, and I guess we were trading," the trader said at the time, according to a transcript of conversations included in a report by Matif, the French futures exchange. Salomon sustained losses of "several million dollars," said a person familiar with the trades. The firm later asked Matif to cancel the trades. Matif said no. A Salomon spokesman in London said the firm wouldn't comment. The hapless trader? He's still trading for Salomon, but watching his elbows.

To: donald sew who wrote (55675)	10/16/1998 5:25:00 PM
From: SJS	Respond to of 58727

Don, I now understand your disdain for these guys: _______________________________ 16:17 PRUDENTIAL'S ACAMPORA: WOULD LIKE TO SEE MARKET ENTHUSIASM 'SLOW DOWN' A BIT. 16:16 PRUDENTIAL'S ACAMPORA: NOW CHANGE OF HEART, CHANGE OF CONFIDENCE IN MARKETS. 16:15 PRUDENTIAL'S ACAMPORA: SEES 8600, 8700 NEAR TERM IF TREND CONTINUES ON DOW. You mean a measy 1/4 point is the lynchpin for this MASSIVE change of psychology and investment strategy? Is that really that predictable? Are all the problems now solved? Geesh...