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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Tom Piersanti who wrote (6133)7/30/1998 11:46:00 PM
From: Weekapaug  Respond to of 22640
 
Tom,

Wouldn't be fun to know who's buying and who's selling? Great question, but the answer is illusive, don't you think?

My thinking tells me, funds are selling into the rally. Why? How else do you dispose of millions of shares? Who's buying? It may even be the same fund that is selling. Seems foolish don't you think? But why not? Buy in the morning and sell at the close. Keep the momentum on the upside to allure the small investor, who doesn't have time to watch and thinks the stock is running away.

Scenario 2 - Funds that buy foreign stocks are buying, since the political un-certainty has been removed temporarily. Give them an excuse to unload and they will. Let's say a strike, or the election of someone to the left.

Myself? I want to own all 12 companies and hope for the best. They are already speculating in 10 years, 1/3 to 1/2 will be gone.

If you find out, who's buying and who's selling? Let me know would you. :)

Seems to me, it tested an in-term high today and would love to see it close around 130 for the week.

Ken