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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: michael r potter who wrote (31705)10/28/1999 1:49:00 PM
From: dennis michael patterson  Respond to of 99985
 
Mike, I was thinking of buying C today, but now I think I should wait for a ST pullback. Is this your view? TIA



To: michael r potter who wrote (31705)10/28/1999 5:38:00 PM
From: Stephen  Read Replies (1) | Respond to of 99985
 
Michael, your response suggests that I was placing a value on the bank/financial stocks which wasn't my point at all. My point was that the bank/financial stocks were going to rise strongest once the ECI numbers were released ... given the HWP warning which put techs out of the picture for a sure thing. So the knowledgable buying that was going on yesterday afternoon went to that sector. Its pretty apalling really ... and the SEC are investigating pump & dumpers on the message boards !!!. Course ... I mentioned that to my wife this morning ... and she just pointed out that the SEC is probably getting some favours too .... (GG).

Stephen