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To: Voltaire who wrote (60235)1/6/2000 5:31:00 PM
From: sam  Read Replies (2) | Respond to of 152472
 
Actually, the LU "news" just may be what the market needed to reverse from its recent weakness. Longs should hope the market opens VERY weak tomorrow...then we may see some nice institutional buying.



To: Voltaire who wrote (60235)1/6/2000 5:32:00 PM
From: Cooters  Read Replies (1) | Respond to of 152472
 
V, CNBC just had two analysts, including Rick Sherlund, on to discuss the market. You were right on the money. They accentuated the positive and downplayed the negative. And two of them beating the drum to boot.

Cooters



To: Voltaire who wrote (60235)1/6/2000 5:33:00 PM
From: Bald Man from Mars  Read Replies (1) | Respond to of 152472
 
I think whatever they are going to say on the street is nothing but to delay selling until the price gets much lower, which the specialists and MMs are going to restock their inventory for the next upleg ...

I don't think I am nimble enough to play any rally, so I might as well sit on the sideline ...
I think the market will turn around when the Fed have a rate hike in February, like buy on rumor, sell on the news ...
when a lot of big guns coming out with warnings, it is not a good sign
PMTC, BMCS, AMZN, GTW, LU ... plus profit taking and rate hike, enough alibis to take this market down ...



To: Voltaire who wrote (60235)1/6/2000 5:38:00 PM
From: zello  Respond to of 152472
 
If the numbers come out favorable tomorrow showing the economy slowed then what do you think will happen? LU's news ignored and techs. recover a little?

Z