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Pastimes : Techride
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To: Blue Snowshoe who wrote (6825)1/5/2000 4:40:00 AM
From: Joana Tides  Read Replies (1) of 7442
 
Blue, speaking of Psychology and Contrarian Indicators - remember this one a ways back "Stocks That Suck Are Going Up/Down" LOL ?! Cuz we were thinking when bluechip Dog Stocks and Scrooge Stocks rise when the rest of the market falls, maybe it's because the conservative funds and Big OPM MM's are doing their buying a bit before times the institutional investors will be doing their (sometimes double-buying after shortselling) activities of the better moving stocks because their deadlines for the printing of the prospectus updates and quarterly/yearly reports comes a little earlier in order to unload those first?! Theory when the "stocks that suck" go down it also presages a move in the technets and bigs in a rally - what particular move depends on other surrounding circumstances and direction of the money flow but there'll be a move alrite - this seems to hold true more often than not, like any Good Bellewether. When there's actual news or happenings in a Market Indicator (bellewether) stock, contrarian or not... then it's directional predictive effect is always null til the excitement over something actually happening with it wears off. Watching Pointers show the covey is some real entertainment. Yep, and some "Stocks That REALLY Suck" were moving up today on the nyse.
909s,
Joan
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