Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (8903)	11/21/1997 4:41:00 PM
From: John Hunt	Read Replies (3) \| Respond to of 18056

Tomasso, My guess is you put it in the right context. If there is buying demand at this level of the dow in these large stocks, then together with positive flash S&P over the weekend that should indicate a strong open with some carry through. Worth watching to see how much of a forward looking indicator it is. John

To: Tommaso who wrote (8903)	11/21/1997 5:15:00 PM
From: Defrocked	Respond to of 18056

Tommaso, a buy program was triggered just before the close today so the simultaneous selling of overpriced SPZ's relative to SPX's pushed unexpected buys at the Specialists on NYSE. Not unusual for any expiration. Wouldn't be surprised if the quantities of NYSE imbalances mirrored the relative weightings of the stocks comprising the S&P500 index. Monday AM may see more buy programs as the SPZ went over a 2 point premium to the upside arbitrage point. (But that premium could dissipate in Sunday night trading.)