SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AT&T
T 25.85+0.9%Nov 25 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: m thompson who wrote (1357)6/9/1998 6:54:00 PM
From: Anonymous  Read Replies (1) of 4298
 
It sure has been quiet in this room since April 4. Not much going on with T at the moment. But then again, the last tick was ^UP^ today on not much volume...there was practically no trading in the middle of the day, then about an hour and a half before the close the sells started the stock down, and then in the last half hour there were a couple of buys to help push the price up just a wee bit, however, the stock still finished lower than yesterday.

With the market so overvalued there isn't much going on except manipulation. Money keeps coming in everyday so the buy programs go into effect at the start of the day. New money purchases the stock at the high price. Later in the day the sells kick in and the stock that was purchased two years ago is sold. That money takes a flight to quality and of course generates more tax money for the federal coffers as the capital gains are paid off.

This type of daily activity is keeping everything artificially up in the air as everything moves along sideways.

If there is too much activity the brakes get put on through the trading curbs. At least the curbs keep the big money from dropping the market like a proverbial ton of bricks...which a lot of people who are first to sell would really like to see ... that way the stock prices would drop to a more realistic P/E ratio and then things could get back to something more normal. With lower P/E ratios the selling of stocks would sure be a lot easier to rationalize.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News