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To: Howtrade who wrote (494)7/19/1998 1:26:00 PM
From: Time Traveler  Respond to of 754
 
There is probably a leak of incoming bad earnings or bleak conference call.

Does anyone think it is a good idea to profit now, just to be on the safe side?

Time Traveler
$71 5/16



To: Howtrade who wrote (494)7/19/1998 1:42:00 PM
From: Meghan Richards  Read Replies (1) | Respond to of 754
 
<<
Alot of selling on increased volume (50% above average) does not
look very promising for the earnings due out on Tuesday.

Does anyone have any other insights into the sell-off on Friday?
>>

You may interpreting things incorrectly.

Look at the data again. The volume on Wednesday & Thursday was
higher than on Friday. Both Wednesday & Thursday were significant
up days.

In the last 10 trading days, there have been 4 up days on above
average volume, and 1 down day on above average volume. The tone
would appear more bullish than bearish.

I don't interpret Friday as a sell-off. Seemed more like traders
taking their short term profits. A healthy event.

Of course we'll have a clearer picture after the close on Tuesday :).