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Supposedly an order entry error to sell a large number of S&P futures. Big
and emini futures both fell like a rock while cash remained almost 10
handles higher. I had just initiated short position at 992.50 and could not
believe my luck as the bottom fell out. 20/20 hindsight says I should have
covered for a quick profit, however I consider the market extremely
vulnerable to downside and want to build a serious short position. Sell
stops have been cleared for now, so they may manage a bounce.
Earl
----- Original Message -----
From: "H&M Feld" <ariel@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, July 03, 2003 9:25 AM
Subject: [RT] Waterfall
Anyone have a clue as to the cause of that spike across the board?
Harry
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