LastShadow's Position Trading 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.

Strategies & Market Trends : LastShadow's Position Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Susan Saline who wrote (14838)	5/26/1999 8:32:00 PM
From: LastShadow	Read Replies (1) of 43080

Short list for tomorrow although I probably wont be online as I have some errands to run. TXU LGTO FILE these are several day repeats, and are on nice climbs for awhile now so hope someone is playing them. The DOW gained 171 points today, but IBM ended 15 1/16 higher ahead of tonight's 2-for-1 stock split. IBM's move accounted for over 70 points of the Dow's rise. That leaves us with a dangerous scenario for tomorrow - that holders of IBM stock will sell off their 'extra' shares forcing IBM down, then the DOW, then the other indices. It could well be that folks see this split for IBM as long overdue and buy and send the dow up. However, since my screens only brought up three stocks, and with the declines the same as the advances, I don't see a rally anywhere in sight. Most of the stocks that rebounded never made it above the falling trendlines, so thedaily charts still look horrid. Trade safely, gang. lastshadow

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next