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I thought the same, but is there an up limit in globex2 I did not think the
was, however if the NAS went limit which Cargill told me it did (173 on the
bid they said) there must be. Does anyone know the rules on the upside?
don ewers
----- Original Message -----
From: "DH" <catapult@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Thursday, January 04, 2001 4:56 PM
Subject: Re: [RT] Night action
> > Question is who was the "wise guy" to have a sell at 1380 on the ES?
Someone
> > got cute?
>
> One tick below the limit. That's exactly where I would have put it if I
> had thought of it. Well, maybe I would have gone for 2 ticks to get in
> front of all those other people at 1 tick. Damn, I've got to start
> paying more attention when the Fed's on the prowl. :-)
>
> > Looked like a false rumor to me
>
> No, the Fed cut the discount rate another 1/4 point to bring it in line
> with the fed funds rate. At least that's what they were saying on CNBC
> when I flipped it on. I had the TV off all day so I'm assuming the spike
> happened when the news was released.
>
> --
> Dennis
>
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