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To: Dennis P who wrote (14357)5/10/1999 4:55:00 PM
From: Arnie Doolittle  Read Replies (1) | Respond to of 19109
 
The market is closed. Where is the news already? Lost in the mail? Oh, ok, I'll wait until the mailman comes tomorrow.

Let's see how the stock has performed recently.

Day 1: The stock went up on rumor.

Day 2: Stock went higher on rumor only to fall later that same day on the same rumor.

Day 3: Same rumor, different day. Stock falls.

Day 4: Wait a minute, let's go back to day 3. Stocks are supposed to go up on rumor and down on news. Did somebody forget to tell the market makers that rule? Oh, I see, there is no news. Therefore, the MMs decided when it was time to go back down.


Arnie