market crash of 1987

Quote from William Rennick:

I was long everything except Nov. Pork Bellys. I was sitting in the Trading Room at West Coast securities in La Hambra, Cal. trading penny stocks, OEX options, and various stock options. There was about 15 other traders sitting at the various Quotron machines also day trading, mostly options. Everyone except one Korean fella started buying the dip.By the time 11:30 rolled around 4 or 5 fist fights had busted out, and everyone wanted a piece of the grinning Korean. I reached into my lunch bag to get the sandwich my wife had made, but I just couldn't eat. I took the ripe tomato in my lunch bag and chucked it at the Korean. It missed and hit another Trader, which started another brawl. To make a long story short I lost my keister that day. If it weren't for the Pork Bellies I was completely wiped out. The Korean got his revenge that day for the Hat-Trick I scored over 35 years earlier at the Chosin resevoir.

...Rennick out
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extremely false
 
Man u guys brought back some memories. I just stumbled on this thread re: '87 crash. I was in the spooz then. I remember going home that Friday (Oct 16) with a bad feeling. Sunday night the big news was Tokyo...down big
Monday morning was unreal. U had to be there to believe it. The Shearson desk got a sell order from Soros to sell 2500 futures (old spooz...as in $500 a handle) before the opening bell.
U should have seen their filling broker.....offered it all the way down while showing his size.
The locals who didn't have positions just let it fall like a rock.
Not a good day to try and pick a bottom.
Best story of the day was about a filling broker who went the wrong way on a chunky order, and made a million plus.
 
Quote from Buy1Sell2:

extremely false
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And how many weeks did it take for you to figure this out sir? In case you haven't noticed our friend, Rennick is quite the comic. I suggest you have a laugh once in awhile sir.

Good night.
 
I'll have the wife go up in the Attic to find a newspaper article about the incident. Hey Doc, I guess you like the Vodka, I'm a Gin and Tonic man myself. I was down at the Rusty Nail last night and there's a lady barkeep with a set of cans that makes you sit there and have another. There was one of the fella's from my 87 story sitting at the bar. That poor guy is still fretting over getting wiped out that day.

...Rennick out
 
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