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Since when do firms "announce" that they are doing a major shift in
allocation, as they are doing it?
It would seem the announcement/rumor (Goldman) may of had a hidden agenda
perhaps?
Earls "Exchange Stabilazation Fund" may be it, (what I have called for some
time the CPT or "Crash Protection Team", or that as Lee doved the "hidden
hand" effect).
Anyway, the fact that it was announced should make one more than a little
curious that the process was already complete?
don ewers
----- Original Message -----
From: "Lee Morris" <LMorris@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 10, 2001 9:45 PM
Subject: RE: [RT] General - pension fund buy programs
> I agree that this feels like a bull trap but I can not justify the large
> play here. Someone with billions thinks the market is going up from here.
> Why now as the market feels to be topping and about to retest. I have felt
> as though there has been a hidden hand in the market for the past week.
Just
> a feeling no real basis
> -----Original Message-----
> From: Ira Tunik [mailto:irat@xxxxxxxxx]
> Sent: Wednesday, October 10, 2001 8:39 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] General - pension fund buy programs
>
>
> Nothing quite as exciting as a bear market rally. I remember a day with
a
> 70 point move when the dow was around 600, what happens to the bears
> if you have the same percentage move today, and how many points are you
> looking at? Today was only a blip. Everything has to be put into
> perspective. Ira
>
> BobR wrote:
>
> > What is the truth of the rumor that it was a pension plan buy program
> that
> > set the ball rolling today? From all the stuff I look at the timing
> seems
> > to be a bit premature for that. I like Earl's explanation of
"Exchange
> > Stabilization Fund", but there might be another reason. Perhaps a few
> weeks
> > from now today's move might reflect the movement of a country's
treasury
> > running to safety. Its been made public that the Saudi Prince has
been
> > buying AAPL again. Its one of his favorite trading vehicles, in below
> 20
> > out above 40, etc. over and over again. A move like today should have
> had
> > bigger reverberations in the equity options markets, but it didn't
> appear
> > to. It just really smells like someone is trying to terrorize the
> bears.
> >
> > bobr
> >
> >
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> >
> >
> >
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