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To: robnhood who wrote (165294)5/12/2002 10:58:50 AM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
rr, the key I saw was in the block trades. They were nearly all on the sale side. So, it was the PPT suckering in individuals to bail out their buddies at Fidelity and JPM and Janus. However, those guys have taken on so much water that they need about 200 days like that. <g>



To: robnhood who wrote (165294)5/12/2002 11:42:15 AM
From: Ahda  Read Replies (3) | Respond to of 436258
 
When house prices peaked in 90 , I recall that allthough prices remained elevated for a while that turnover dropped dramatically. This seemed to precipitate the coming fall.

Thank you for this statement as i am seeing this and never applied it to the simple fact if no one is selling as they are not able to move up to a higher priced house. Maybe they are hanging on and praying.

You just might of come up with perfect timing to buy lucrative poots on the mortgage industry as well as housing.



To: robnhood who wrote (165294)5/12/2002 12:09:19 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
interesting...

ironic in the end if the ppt's machinations only served as a way for the street to continue an exit while making a bit of profit along the way... the market version of investing with a string.



To: robnhood who wrote (165294)5/12/2002 1:59:15 PM
From: Monty Lenard  Read Replies (1) | Respond to of 436258
 
The difference I see now is that when the muscle boys show up to push the price up they get very little following.

FWIW I see the same thing. If you are not there at the very beginning you better be quick and not look for much.

A few weeks ago just before market rolled over and started this decline I noticed a volume indicator I use showing distribution while the prices held or went up...

Monty