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To: Andriy Turhovach who wrote (199631)10/23/2002 2:55:36 PM
From: Andriy Turhovach  Respond to of 436258
 
OK. Whew... Here's what really happened (thanks to the know-it-alls at Briefing.Com)

"14:50 ET Market chatter : For what it's worth, we're hearing from traders that this afternoon's rally can be attributed to a combination of hedge fund short-covering and mutual fund buying; we're told that many hedge funds are increasingly covering their short positions and taking a more neutral stance, and at the same time mutual funds have been putting money to work in the rally; it is also worth mentioning that Oct 30 is end of the mutual fund fiscal year, which leads some traders to believe a bit of window dressing may be occurring."

So, all is right with the world after all and I can go back to nurturing what few brain cells I may have left <GGG> ;)

PS - UFB, but still LMAO. Time for some serious drinking...



To: Andriy Turhovach who wrote (199631)10/23/2002 3:00:04 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
Umm, buying bad news is bullish right? no other reason needed....