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Biotech / Medical : ONXX
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To: Elmer who wrote (496)8/4/2000 10:29:28 AM
From: Mama Bear  Read Replies (2) of 810
 
David, I understand there are a lot of traders that square positions before the weekend, both long and short. Longs do it because companies have a habit of putting out bad news on Friday evening, and shorts because companies have a habit of putting out good news and mergers on Monday morning (although I'm sure there are other reasons). It is one reason why you are likely to see a sell off on Friday after an up week, and a rally on Friday after a down week.

Regards,

Barb
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