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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (21967)9/27/2000 12:36:00 AM
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BTW - got $140 for SONS <g>

Now just waiting to see if Naz is going to give up this multi-year TL or not. I'm guessing the confluence of factors favors a failure this time, but it's far from a lock.

I'm hoping PPT is rather impotent now. In retrospect, their huge influence in the April-May declines was, I suspect, largely due to the huge fund inflows that continued during the early declines. PPT would intervene, and funds would pile on. All the data I've been seeing on fund flows indicate that they have virtually evaporated, which makes it extraordinarily difficult for the PPT to manipulate things the way it did previously. Plus, Sept-Oct is a lousy period for funds to begin with thanks to the tax laws - nobody wants to get hit right away with a cap gains distribution.

BC
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