Smidge

Sources: Cash Will Emulate Screen Plunge Today

Nearly all points were “flat to up a smidge” Tuesday, as onemarketer described it. But the consensus among sources was thatprices will be coming down hard today, based on the Nymex screen’sbig downturn Tuesday. In fact, the cash reversal had alreadystarted in Tuesday’s late trading as some pipes dropped as much asa nickel from their heights.

June 17, 1998