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

To: William H Huebl who wrote (21779)	7/17/1998 8:50:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Bill; I caught on the NEWS that there were a lot of sell at close orders related to options today. Now the specialist had time to work most of these orders into his pool and then make the transaction at the close in most cases with out causing the market to go unstable. So after the close I started checking my Nifty Fifty to see which ones had big volume spikes at or close to the close. Yhoo quote server went down before I could finish. The biggest ones that were played option related, Were GE, KO, XON, MRK, IBM, T , DD, HWP, BEL, & NB. Watch them Monday , I have no idea of the effect as I never looked at this before. I need to look at 25 more when Yahoo gets going again. I don't understand the strategy they are using with this sell at close thing..and how it's related to options, but it happened last month too and I just didn't chart them to see which ones were being played that way. I'll have to sleep on it, & or watch and see what they do Monday and maybe that will give me an answer. Any way help me out and watch that bunch above Monday and lets figure out how the sell on close effects them. More latter. Lets stay within the Nifty Fifty..( NF ) Jim BTW someone not long ago ( I can't remember who ) played down the FUNDs being able to move these stocks and said Fund ownership was around 10%..he was fullofshit..So far the ( NF )ones I'v checked run on an average over 50% of out standing shares being owned by funds and institutions. ( more than that if you use the Float ) MSFT is more liquid than GE ! almost 2 to 1, Jim

To: William H Huebl who wrote (21779)	7/17/1998 9:03:00 PM
From: Barbara Barry	Respond to of 94695

Bill, Agreed on that vgy...OTOH doesn't bother me as much as STCM(subject to change momentarily)<gggg>Alternate opinions don't upset me as much as those roller coasters at King's Island!Like I said,If you look at longer charts...no sell off.WE have to be less myopic to make money. I would love to see that Zweig chart because it seems less of a fake out in the past than the vix or vgy or trin lately. Regards, Barbara PS We had such a great day here..it started out like a Colorado day and finished the same way...just without a sky quit as blue...we don't set those record cloud levels!And no anvils here. ;(