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


To: purecntry5 who wrote (9695)11/28/1997 12:34:00 PM
From: Snowshoe  Respond to of 18056
 
>>From whence has todays strength come?<<

The Wednesday before and Friday after Thanksgiving are typically up days for the market. Various reasons have been suggested, among them that (due to the IRS wash rule) it is the last chance to "double-down" on losers that one wishes to sell for a tax loss at the end of the year.

The Monday subsequent to Thanksgiving is often down.



To: purecntry5 who wrote (9695)11/28/1997 1:20:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 18056
 
Today buying was atributed to the "Holiday Season" I watched on several stocks how small lots devoured slowly and surely, big chunks of 20,000 shares and more, on the Asking side.

No end to the land of Fools, just BUY STOCKS for your 401K

Haim



To: purecntry5 who wrote (9695)11/28/1997 1:25:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 18056
 
Howdy cowboy. The general sequence of events (IMHO) on top of the hill are:
Nifty fifty (ala upto Jan 97) , small is better (ala May-Sept 97), (then comes a mini-panic, like Oct 97) Resume: flight to quality and dependability of earnings (current status.) And then comes a bigger bang followed by flight FROM stocks! -g-
And, today there is no selling pressure on a holiday abbriviated session. Naturally, buyers have to pay higher prices.
-Mohan