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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: Jill who wrote (79222)4/15/1999 12:26:00 PM
From: GVTucker  Read Replies (1) of 186894
 
Jill, RE:<<And I notice that even unrelated stocks of mine, like the stodgy glorious WMT, go down in sympathy on days like yesterday and today. Analysts can actually move institutional sales like that?>>

A huge part of the institutional trading in the market nowadays is index related. If the S&P goes down a lot, as was the case yesterday, WMT (the 3rd largest stock in the S&P) is gonna go down a lot. Add on top of that the fact that some momentum players have begun to add WMT to their list, and that exacerbates a down day. Analysts don't even enter into the equation.
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