Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: JLS who wrote (12406)	8/31/2000 5:51:47 PM
From: KevinMark	Read Replies (2) \| Respond to of 49816

Julie, MM's upticked everything on 100 share buys. I saw a ton of selling today, but the MM's kept eating the shares and upticking. The reason for the volume today, IMO, is there were just as many people shorting today, as buying. To much mania, and euphoria creeping up again. I hope no one is so naive to think we can set new highs anytime soon. Because that's not going to happen, IMO. We will have more earnings' shortfalls this quarter than any other in recent history. Besides, the real institutional investors are still in the Hamptons. You know they'll have a major shakeout(IE dropping the bids on every 100 share sell), before they will ever buy into it. I just hope the market doesn't gap down tomorrow. I doubt it will. Every Friday, before a holiday this year, the market has closed up. I suspect we'll see a surge next week at the open so the institutions can set their shorts, then they'll pull the rug out. Just my opinion of course. Just like yesterday, I mentioned a ton of selling going on in MANU, yet they took it higher today. It's down 13 pts in A/H since it's high set @ 3:40pm. I suspect the same will happen across the board next week. Looking at shorting the entire B2B sector tomorrow or next week. KM

To: JLS who wrote (12406)	8/31/2000 5:52:12 PM
From: DebtBomb	Read Replies (1) \| Respond to of 49816

MANU is in trouble in AH's. Something might be up, maybe a news leak or something. It's acting funny.

To: JLS who wrote (12406)	8/31/2000 6:11:05 PM
From: Mike E.	Respond to of 49816

I gotta believe a lot of this EOD stuff was window dressing. I'm not sure what it was, Julie. It's like that bright flash you see when the power surges - right before it goes out! <heh heh> Check out stan's NASDAQ chart. wallstreetmonitor.com Composite index is approaching another resistance level and double top area at ~4275. We are less than 70 points from that level now. We'll see how it acts when it gets there in it's bloated, oversold, unsustainable trendline self! <g> It's on a trendline that's nearly as steep (if not just as steep) than the one from late last year/early this year, so it's time for a "pause". Does it happen tomorrow? Don't know. But it's time for me to go on a "bloated pig" scouting expedition so I can have my short sales planned out for when needed. Mike