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To: lebo who wrote (4577)10/4/1999 12:20:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 10027
 
cbnc often has a very strong impact on the market ... they have no particular interest in any one stock ... as they just 'report' the news ... and headlines grab viewers ... and that's their job.

I had to laugh hearing Maria report on the estimates just before the open.

NITE was trading up pre-open before her mentions, then her news report going out to the multitudes ... well I am sure you saw the re-action.

But the point is. It did NOT tank!
Market Psychology is finding it bottom here ... that is why it did not tank

JMHO

Sue