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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (17386)12/19/2001 9:37:59 AM
From: Rutgers  Read Replies (2) | Respond to of 19633
 
Tom, re: RSTN

The Reuters article came out at 3:14 pm, quoting upbeat tone from analysts. What happened to the stock, it started to sell off.

Who were dumping? Take a wild guess.


To me, this was very strange. I just happened to be at my computer during that time frame (as you know, I posted the news around 3:19) and then decided to wait to see how the mkt received this upbeat news - particularly in light of the fact that in advance of the news the stock was HOD. Finding the reaction to be less than enthusiastic, I dipped the toe in.