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• Black phantasy in P by Stephen Edwards

  ARTICLE SYNOPSIS ...Black phantasy in P by Stephen Edwards What a pip is P.I.P., thought Peter Parsifal on Friday. Peter was head financial ""rocket scientist"" for Smith, Wesson, Winchester and Colt, Inc. P.I.P. was the Portfolio Insurance Program that was Peter's personal project. On Friday, as the market plunged 100 points, Peter's program printed out options sales with punctilious precision. Assets of Smith, Wesson's clients were preserved. Peter's bosses patted Peter's back and offered him a partnership. ""If it wasn't for your invention, it might have been Black Friday around here,"" they opined. Puffed w...

AUTHOR: Stephen EdwardsDATE: MAR 1988