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

To: bobby beara who wrote (36624)	1/21/1999 10:05:00 PM
From: James F. Hopkins	Respond to of 94695

THanx; BB..I came to see how the Index funds are also victims of some raiders..it's really crooked as hell but I'm to tired to explain it. A team ( of offshore ) raiders has figured out the weakness in the computer trading programs that arbitrage the indexes.. I see it clear; they are scalping the index funds, hence the entire market. By circumvention with timing and after hour trading they can hammer the indexers into forced selling. It came clear looking at the inside of the DOW today. The indexers wanted to buy IBM and UTX early and got nailed because they tried to rotate instead of using new money. Some one with some dough has got the program trading number, and can hammer them. All I can do is grab a shirt tail, and that's not always easy. Jim