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Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER.

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To: TRIIBoy who wrote (418)10/15/1998 11:44:00 PM
From: Khris Vogel  Read Replies (1) of 455
 
It makes one wonder why in the last five days the market has rallied but this stock has not...

Huh?

Look at five day charts for LBOR and for the Dow. Both advanced on Friday. Both dinked around Mon.-Wed. Today, the Dow jumped big time, but LBOR stayed put.

So, unless I'm missing something, today was the only day that LBOR did not follow the Industrials.

Are you worried that the stock cannot even manage to go up on a day like today?

Hardly. No stocks move in concert w/ the market all the time. Should I be clicking my heals and dancing a jig on the days when LBOR gained 3/4 but the Dow dropped 80? Of course not. So why does the reverse have big meaning? The overall trend is the important thing (unless you are a day trader, of course).
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