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To: Susan G who wrote (9892)6/11/1999 4:12:00 PM
From: Nelson Chang  Read Replies (2) | Respond to of 19700
 
One point about the internet trading volume.

I've noticed that many of the net stocks have been trading on light volume for the past several sessions.

I can't decide if this is a dry up of sellers or just too much complacency. These net rallies seem to be weaker and weaker; it's not like we are trending higher in these stocks. In fact, only a handful have not penetrated their support levels or are close to it. So it doesn't seem the case that their is a dry up of sellers, because they seem to be coming in at lower and lower prices preventing these net stocks from undergoing any significant rally.

As for complacency, that's going to be a problem if its true. A big problem.

I'd like to hear others' comments on this.



To: Susan G who wrote (9892)6/11/1999 5:30:00 PM
From: Millionairess  Read Replies (1) | Respond to of 19700
 
smartmoney article on what the net funds are buying:

Message 10076882



To: Susan G who wrote (9892)6/11/1999 8:07:00 PM
From: Robert Rose  Respond to of 19700
 
Just as long as it wasn't a 52K block..... :)