|
PureBytes Links
Trading Reference Links
|
Trade Station users were prepared our backtested methods clearly anticipated
this move. And those were were short had their stops in so no harm was done.
Why this company should be selling for $78.00 bucks a share not a dollar.
-----Original Message-----
From: Dark Hacker <hacker@xxxxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, October 16, 1998 4:19 PM
Subject: Re: FED cut forewarning
>On Fri, 16 Oct 1998, Yuri K wrote:
>
>> >The timing of the expected rate cut seemed very clever. By announcing
the
>> >cut a half hour before the close, Greenspan/Rubin must have known the
>> >market would jump and option traders of expiring options would have to
>> >cover shorts and buy into the close. Then the Dow would skyrocket so
the
>> >reporting on the evening news would be very positive, convincing the
public
>> >that the downdraft was over.
>> >
>> >Could this have been in their thinking?
>
>I heard something similar, that the surprise rate cut was designed to bouy
>the market for the hedge funds which would unwind in more favorable
>conditions. Then expire. Way clever.
>
>- hacker
>
> ---
>Dark Hacker | Fortress Of Computation
>hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
>
>Investment and Market Outlook:
> http://www.computation.com/pub/hacker/Investment/index.html
>Bishop Protein Analytics:
> http://www.computation.com/pub/hacker/Bishop/index.html
>____________________________________________________________________
>
> "Building our future... one twisted freak at a time."
>
|