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In a message dated 11/6/98 11:29:21 PM Eastern Standard Time,
droex@xxxxxxxxxxxx writes:
<<
So who needs any form of analysis. Just buy the opening Thursday and
sell the close Friday. As Bizarre as it sounds it has worked for about
the last 6 weeks. Obviously I'm making light of this situation, but
isn't it interesting. The open Thursday to close Friday has been pretty
interesting for over a month.
>>
VERY INTERESTING...in that for the weeks prior to the last 6,
Thursday's had been big down days. It was like the Margin Calls were
all settled on Thursday.
Maybe the same is true now. Only now the Margin Calls are on The Shorts,
and not The Longs.
Let's say a Margin Clerk finds under margined position on Monday
Client is Notified on Tuesday
He has until Wednesday to satisfy the claim.
When he fails by Noon on Thursday to meet the Call, the offsetting
position is taken for him by the Margin Dept. In this case,
Buy to Cover.
gb/JER33:3/ECCL 1:9
Return-Path: <owner-realtraders@xxxxxxxxxxxxxx>
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Date: Fri, 06 Nov 1998 22:24:17 -0600
Reply-To: droex@xxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: THE DOCTOR <droex@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT "foolproof trade"
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So who needs any form of analysis. Just buy the opening Thursday and
sell the close Friday. As Bizarre as it sounds it has worked for about
the last 6 weeks. Obviously I'm making light of this situation, but
isn't it interesting. The open Thursday to close Friday has been pretty
interesting for over a month.
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