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Strategies & Market Trends : SOES Trading

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To: Evan Stern who wrote (1574)	8/9/1998 12:40:00 AM
From: FishbackJ	of 1618

Evan, I think it's real selling.....institutional clients getting out of large tech positions....If you look at the NDX, it finished -1.8 on Friday, even though the Nasdaq was up 17 on the day..... The four horsemen were all down on the day. (anyone notice ?) The last couple of days sure wasn't much of a bounce for the high volume selloff we've had. BTW, if it were just a co-ordinated trading firm effort, they'd have to buy back after shorting, so I don't think that's the answer...There's some big selling into rallies, you're right. Dick

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