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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (6501)10/29/1997 1:11:00 AM
From: IceShark  Read Replies (1) of 18056
 
Mohan, You been smoking that wacky tabacky, again? -g-

The halts gave enough time for a lot of people to buy in to the dip and did not give enough time for the shorts to cover. The result - today's buying binge.

I don't think many people of any stripe were buying for that short half hour on Monday, or this morning. The big houses pounding the table to buy and IBM anouncement did the turn. And it sure looks like it also worked in Asia, as I type. Should be all smiles over there in the bars after work. Boy, the working gals are going to make a ton of money tonight, too. -vbg-

You know the TA can blind you, or at least cause hair to grow on your palms. -g-

Regards, Dan
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