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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (93457)4/17/2000 10:37:00 AM
From: hjz  Read Replies (1) of 120523
 
I know what you mean Jenna, BOBJ picked the wrong day to announce news. This is not the market to release news that is expected to move a stock. Most of the moves in these stocks are moves because of short covering not because of new information.

The bounce at the opening was expected but it is the rest of the day that will reveal whether it was just alot of short covering or new buyers.

HJ
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