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To: Sonny McWilliams who wrote (22762)2/12/1999 2:13:00 PM
From: billwot  Read Replies (1) | Respond to of 27012
 
Sonny-...thread gets busy when the market is down.

I hope our fellow threadsters are not out spending the money they made yesterday<gg> I suspect your right. The big money was not yet ready for a major advance, and put the brakes on today.

I also expected a jump when the Senate finally announced the acquittal, but the market was unfazed. I don't know; maybe the acquittel kept the damage from being worse.

As of know, I have only given back a little over 1/2 of yesterday's gain, so no real damage at this point.

billwot



To: Sonny McWilliams who wrote (22762)2/12/1999 2:17:00 PM
From: Gerald Walls  Read Replies (2) | Respond to of 27012
 
Give me a break. Again: Coming out one day before earnings with a warning for a soft quarter is costing investors a bundle again. Even if true, why not opine on it a bit earlier. Those cos. def. did not like the market action yesterday.

While there's probably no conspiracy to lower the market so that certain stocks can be bought more cheaply, it sure has that effect. Issuing "concerns" one day before earnings when the company can't comment due to the quiet period in a thin Friday-before-Monday-holiday one-week-before-expirations market where traders are less likely to hold anyway. If it were intentional it couldn't be planned better.

Anyone know if a lot of DELL options were played yesterday?