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To: Linda Kaplan who wrote (57645)	11/17/1998 2:56:00 PM
From: donald sew	Read Replies (4) \| Respond to of 58727

INDEX UPDATE ------------------ OK - the rates have been cut and the DOW is flat. Now Im watching the NEW HIGHS, and if it stays below 100, then the market should be heading down soon. My short-term technicals are still in the mid-range, so I wont do anything right now, but wait to see how the overseas markets react. If tomorrow is not impressive to the upside, I will start to initiate PUTs. Seeya

To: Linda Kaplan who wrote (57645)	11/17/1998 2:57:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

Linda: The rush to the brokers is one reason, during these highly volatile FED announcements, I am flat. I do not want to be in a position that is wrong and not be able to get through to close or reverse. I was caught once back in the eighties trying to close a position, I did not like it, that was the last time...<g> Regards, LG

To: Linda Kaplan who wrote (57645)	11/17/1998 3:25:00 PM
From: LWolf	Respond to of 58727

Linda... I think the exchanges themselves get pretty backed up on the volume.. I'm sure it was huge as soon as the announcement was public. I had limit orders in, and then after the annoucement tried to change to markets.... but got no feedback of the cancel replace... finally I remembered that Fido can only post what they get back. As it turned out my limit orders had taken, so I capitalized on some of the initial pop, but didn't get as much as I would have liked to. Now I'm sorta expecting things to settle back down before opt expiry. Laura