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Strategies & Market Trends : WR's Momentum Trades

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To: Susie924 who wrote (8606)10/26/2000 6:47:20 PM
From: Bernard Ng  Read Replies (1) of 11130
 
Susie924, AIG met 3Q estimate... but it didn't beat the estimate. One good reason for a sell off. Besides, if you look at the chart, AIG's pre-earnings run had started 5 trading days ago... the drop = sell on "news" JMHO.

Hope this helps to explain the drop...

Bernard
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