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

To: Bryan who wrote (34765)	3/1/2001 11:23:17 PM
From: westpacific	Read Replies (1) \| Respond to of 49816

"HeeHaw passed on a rumor that somebody had fed them (that likely had stock to unload) that IBM had said at a Cowen tech conference that their quarter was on track. IBM went vertical on that, and then everybody was scrambling to buy because this was the bottom. From there, we went vertical into the close and ended unchanged. It turns out that there was no Cowen tech conference, and IBM denied the whole thing after the close, not that reality matters to anybody these days. I don't think most people will understand the reality of the situation until they're hit over the head with a general market collapse because price action is the only thing they understand." Rally - ROLMAO West