Cymer (CYMI) Message Board

STOCKTALK

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 : Cymer (CYMI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (19237)	9/3/1998 7:57:00 AM
From: MRothaus1	Read Replies (1) of 25960

A friend of mine offered a very plausible explanation for what happened on Monday that I haven't seen elsewhere. He thinks that mutual funds don't want to get caught looking bad at the end of the month so they all herd for the exits on the last day of the month (or conversely, if the market is going up on the last day, it will go up even further). Mutual funds statistics usually are captured on the last trading day of the month and they are all trying to look better than the next guy. Monday night he predicted that the money has to get invested anyway and therefore a lot of it will come back in the market on Tuesday. If he is accurate, then we should see swings being magnified on the last day of every month.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next