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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (8167)11/16/1997 7:25:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 18056
 
Zeev, it was a combination of both, oversold condition, shorts covering and anticipated "exciting" news to come from COMDEX in Las Vegas this week.

I noticed that regardless how meaningless the news are in the high tech sector, the stock jumps as most traders on WS do not know anything about high tech and just buy as the news sound positive.

BTW the NIKKEY - gap open to the upside and is trading up about 200 points.

Happy trading
Haim
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