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In a message dated 5/7/99 11:20:30 AM Central Daylight Time,
comdytrd@xxxxxxxxxxxxx writes:
Fascinating story....it reminded me of the Russian Roulette scene in The Deer
Hunter....when one presses his luck one time too many.
<< In the mid 80's a new contract, the S$P 100, was started on the Merc and
wasn't yet very liquid, with mostly newbie type trader like myself
generally watched, and traded one lots. A boisterous local bagan bidding up
the market , and finally yelled a bid for 500 contracts at an area near
where we all suspected stops would be located. A broker for a large
institution was lying in wait, and responded with a firm SOLD!
The look of panic on the local's face remains with me to this day...
Michael >>
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