Ask Michael Burke 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.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (32410)	9/8/1998 6:55:00 PM
From: Surfer	Read Replies (2) of 132070

Hi Mighty Mike and Anyone else: There is a discussion going on about "Plunge Protection Team" in the misc.invest.stocks newsgroup. They are referring to the articles in the W. Post, NY Post & The Telegraph. Last week, Friday (9/4/98) towards the end, about 20 minutes or so before the market closed, the Dow was about 190 points down and came roaring back within 40 points down by the close. One person wrote that CNBC reported that wave of large blocks of buy orders came in... In the newsgroup, misc.invest.stocks, they are speculating that may be it was Plunge Protection Team that was sending the buy orders... Can it be true? Is it possible? If true, what a perfect timing to shift investor psychology. Mighty Mike, it looks like psychology is shifting towards the Bull run?? Look at the Hong Kong Market. The Goverment buying is working at least in the short term. If it could be confirmed that it is happening here in US markets also, shorting the market may not be prudent. Your opinion please. Thanks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next