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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (17198)4/24/1998 3:15:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
Monty; RE > Prudential Securities...they get a lot of attention,
and stocks move on their recom..but I'm convinced they did that
to lighten up..and though I can't prove it I'd bet they are
selling into the rally..( I see them as crooks ) have tracked
to many of thier calls over time..and I think the hammer stock
before they buy it, and hype one before they sell.
But that's just my opinoin.
CAP wise the TOP10 MEGA in the dow is down 1.25% while the
bottom 20 down .86% ...the top 10 make up 2x the market cap the
bottom 20 do...so this says the market cap is droping at a faster
rate than the index is droping..
at some point if they switch to selling the bottom 20..it will
cause the index to fall faster and trigger curbs..
They have learnd how to work around the curbs a lot.
Jim