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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (5445)	3/14/2001 10:00:18 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 15481

I saw an article on day trading somewhere today. I think it said that up to 80% of the Naz volume was the true day traders. Do you suppose that the mania was driven by them competing against each other and now the dip is driven the same way? I know it sounds absurd but something is going on here. If the pro's (funds, etc) and the mom and pop LTBH aren't selling then who is, because someone sure as hell is. I mean funds can't trade in and out because of the size of their holdings so they are either buying or selling a stock regardless of it's day to day gyrations IMO. It's kind of an interesting question that I have been asking myself for some time.

To: AugustWest who wrote (5445)	3/15/2001 1:03:07 AM
From: Mark_H	Read Replies (2) \| Respond to of 15481

Who is selling???? My theory is mutual funds. Compare the number of mutual funds listed today to the number of funds listed 20 to 25 years ago. A fund manager needs his fund to look better than the next guy or he may not be a fund manager next year. Most of these funds are either dumping stock or shorting against their positions as the market goes south. So who's buying? All of the folks that once said "if AMZN ever gets down to $50 again, I'm buying", except there's not enough of those folks to keep the price up.

To: AugustWest who wrote (5445)	3/15/2001 1:08:31 AM
From: HG	Read Replies (1) \| Respond to of 15481

Who is selling ? More short sellers than real sellers.... Day traders.... Margin sellers.... Dotcom and laid off employees....trying to stay afloat.... People who are hurting bad, and are throwing in their towels....like LU employees, ex employees and shareholders.. People who are realising that the next few years may be tough, so lets sell everything and pay off the mortgage... I personally know at least a few people from each of the above categories.... The real question is, who is buying ? I can't think of anyone who would be buying here....? Almost everyone Iknow agrees that we're heading much lower...on compx and indu