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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject9/13/2001 6:56:44 PM
From: Devin123  Read Replies (1) of 37746
 
Interesting discussion on CNBC just now: they were saying that restrictions are being lifted on when companies can buy their own stock. This may allow the possibility of companies buying back their own stock at any time of day (currently, there had been restrictions against this... I know companies were NOT allowed to buy their own stock in the last half hour of the day). This, then, may provide a floor to the downside which stock prices may fall.

I would expect a drop then rise in prices on Monday. I do not expect a crash, and yes, this maaaay be capitulation. If people don't sell here, there may be renewed desire of people to buy.
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