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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Gersh Avery who wrote (19829)9/23/2001 8:47:32 PM
From: Seeker2007  Read Replies (1) of 52237
 
That may account for part of the buyers - for some stocks that have large buyback programs in
place and have traditionally bought back lots of stock (IBM, JPM, CA, KO, GE, MSFT...) I expect that there
was substantial buying back of stock by those firms.
If that is so & these firms consider their stock a good value
there may have been buys by "smart money" too

My feeling is that a lot of the selling was by individuals & funds using leverage
and burned by that leverage and recent events. In that case selling should subside
as the margin calls cease
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