Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Smart Investor who wrote (71054)	1/12/1999 1:09:00 PM
From: Jeff Fox	Read Replies (1) \| Respond to of 186894

re:today's action - Only thing I see is interest rate reaction. The cause seems to be the Bank of Japan intervention; leading to a rate reaction; leading to some stock pressure. The down tick is across the board it seems. Internets and techs are down more only because of their higher gains yesterday... Jeff

To: Smart Investor who wrote (71054)	1/12/1999 3:53:00 PM
From: xstuckey	Respond to of 186894

"Seriously, any speculation on the cause of today's sell-off." I think that the GBMM's carry very small inventories (probably because of the internet craze), and when a stock has great strength such as Intel did this morning, they try to open the stock at an impossibly high price to induce adequate supply. In other words they are seeking sellers rather than acting as true market makers should by selling (short) from inventory if necessary. When this (extremely high opening price) happens, it can ruin the whole day for a stock. Best Trading, X