SI
SI
discoversearch

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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (75254)4/17/2001 11:06:29 PM
From: Doug  Respond to of 99985
 
B.B: CMA reduced its earnings from $4 to $3.95 for the year. The stock dropped by $5.50. to $54.

Thats what market reaction is all about; its may appear irrrational but thats what you have to face.



To: bobby beara who wrote (75254)4/17/2001 11:07:27 PM
From: Square_Dealings  Read Replies (1) | Respond to of 99985
 
Actually in this case its the fed spiking the M3 thats changed the "action". The US is a socialist country and the dollar is grown on trees.

M.



To: bobby beara who wrote (75254)4/17/2001 11:18:47 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99985
 
Bobby, I don't think now is the time to get too bullish, two three weeks ago, maybe, but not after three gaps up in the last two weeks (including the third "exhaustion gap"), are we going to get a fourth gap tomorrow and will that be the "exhaltation gap". Don't "misunderestimate" (Bushianism) the power of the bear, he'll be back looking for honey.

Zeev



To: bobby beara who wrote (75254)4/18/2001 1:05:24 AM
From: American Spirit  Read Replies (1) | Respond to of 99985
 
Bad news peak signaling bottom was phony LU bankruptcy rumor. The most widely held stock in the world going bankrupt (not). What could be worse "news" than that? Of course it was a scam perpetrated by over-zealous (and dishonest) shorts but it made the news nonetheless, which is why Lu is still at 7 instead of 10-11. And why other similar stocks were taken down to new lows as well.