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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (54346)	1/5/2001 8:50:19 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 436258

It may not be of any significance, but they are bidding UP stocks ( about .75% on the NDX )before the open, signogficance or not we gap up some. CSCO and SUNW are the most active. EDIT :: OPPS they are giving it back Jim

To: Don Lloyd who wrote (54346)	1/5/2001 9:55:44 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

Don, i strongly disagree. it IS significant, because it has never happened before! usually, the formality of a district bank requesting a discount rate cut of more than 25bps. is in place before the official announcement. in other words, what this proves, is that the rate cut was a a seat-of-the-pants, ad hoc, panic decision. this is why i suspect this was a bail-out, an attempt to halt the developing panic in the stock market, and a bail-out for some big player(s) in trouble.