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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (46179)3/5/2000 4:33:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
Heinz, your name was mentioned as the possible contributor that pointed out that GE bought stock or exercised options on either the 1st or 2nd Werdnesday of each month. I am tryingot pin down exactly when they do it, i.e. was last week possibly just them doing their monthly thing or is it still coming this week?

TIA and Good Luck,

Lee



To: pater tenebrarum who wrote (46179)3/6/2000 2:09:00 PM
From: sandeep  Read Replies (2) | Respond to of 94695
 
I, of course, listen to CNBC (I know you don't believe what they say) where I heard sometime last week that there is a lot of money on the sidelines. Maybe they are lying.

In any case, the DOW rally could go on for a very long time since I think most of the stocks in the DOW are undervalued, imho. But then again, undervalued stocks tend to stay undervalued.

The DOW needs to stay above the lows of the day. If it does, I think that the lows will provide good support going forward.