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To: Dalin who wrote (2365)7/14/1999 4:05:00 PM
From: SJS  Respond to of 10027
 
Cheap shot on the close. It should be positive by 1/16.



To: Dalin who wrote (2365)7/14/1999 4:20:00 PM
From: Sir Francis Drake  Respond to of 10027
 
This was one of the strangest trading sessions - it turned positive by a teeny in the very last minute of trading. If I was a suspicious fellow, I'd think "manipulation"<ggg>! I mean, everybody who does any kind of TA was looking for this thing to turn positive today - or else!

Well, they gave us the positive - grudgingly - the very least they could, at the very last moment they could. Unbelievable.

Meanwhile the last 1/2 hour of trading was amazing, and grew ever more incredible the closer it got to the close. Big blocks were selling regularly, but the price was being walked up systematically. Man, it smelled like a trap.

Whatever. The point is, NITE satisfied the barest minimum of my TA requirement - close positive. But boy, was this grudging! It could not have been a more mean, hard little thing: volume low (better: high), positive close but about as small as it was possible (better: close to, or better yet, above the day's high). However, the positive is that it looks solid after hours, and there is good after hour buying volume. Also, often strong buying in the last 5 minutes of trading can be very bullish.

This is getting 'curioser and curioser' as Alice would say. Lets see where this goes!

Morgan

Edit: the negative shown on the SI quote, is a reporting artifact. On my LII, it showed + 1/16 (and is reported that way on Yahoo, for example). Different reporting regiments will give you differing results. Some report depending on the last trade - if it was at bid, and the bid was below yesterday's last trade, it will show up negative, even if the trade was outside of the market.