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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?


To: micny who wrote (4940)8/19/1999 10:20:00 AM
From: micny  Respond to of 6846
 
am wondering if anyone thinks there may be some validity in this post from yesterday on the Raging Bull. Might the upgrade have been to provide an exit for some?

Based on the last two days' activity, it appears that what was suggested is exactly what has been happening.

"The "Smart" money, on the other hand, appears to be selling into the rally - as supported by the strong advertising of Super Sell Messages on AutEx. In terms of reported trading data, Charles Schwab's Mayer & Schweitzer, a broker known for executing on behalf of retail investors, leads the pack, claiming about 1 million shares in trades. The institutional reports are split between several large market makers. An rise in volume associated with short-term oriented traders often portends increasing volatility for a stock."