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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (150)	6/23/1999 5:16:00 PM
From: LPS5	Read Replies (5) \| Respond to of 411

Mohan is correct. Often, great news makes a stock sell off as: a) "Buy on the rumor, sell on the news" folks do exactly that - mechanically; b) The impression that good news has been, up to that point, "priced in" and makes an issue suddenly appear overbought takes control of the collective psychology, making people want to "get out when the gettin's good." A collective sigh of relief, if you will. c) Sometimes the price of the issue gets whipped around - down as well as up, and mostly near options expiration - with regard to it's relationship with underlying derivatives (options on that particular stock). I've seen issues, in the space of thirty seconds, run towards and stop just under a trading strike price. Sometimes combinations of these three. Peace, LPS5