Open Question
Okay, so the bill passed and the market logged a roughly 275 point decline in
the process (which will, of course, bounce and may turn around. Or not.).
The question that makes me ask is -not- "gee whiz, what would have happened if
the bill was shot down," but rather, "if it was going to be a 'sell on positive
news,' then who was speculating up to DOW 10,800+, and why?"
If I can understand that, then I will have learned something useful.
Page 1 of 1
there are plenty of people who jump on in the middle of the run
Answered by Peter near Matanzas Inlet
-
Bookmark this User
-
Ignore this user
1 months ago - Report Abuse
1 months ago - Report Abuse
Rate Now:
Average Rating: 0.00 / 0
Fake out, shake out. I see them trying to rid of us, so they can have it to
themselves.
Rate Now:
Average Rating: 0.00 / 0
I understand the concepts of speculation and selling on the news. But insofar
as it was done by traders today, who bought the DOW up 280-ish ... Someone
bought at the top. If those people didn't turn around and sell immediately upon
announcement, they're now down fairly substantially. DOW was just -60 moments
ago. So, those people aren't locking in gains by selling.
Rate Now:
Average Rating: 0.00 / 0
poeple bought in anticipation of the news. When stocks rose on the realization
of the news, people sold to lock in gains.
Rate Now:
Average Rating: 0.00 / 0
some it of : short term momentum traders who've already bailed
Answered by Peter near Matanzas Inlet
-
Bookmark this User
-
Ignore this user
1 months ago - Report Abuse
1 months ago - Report Abuse
Rate Now:
Average Rating: 0.00 / 0
Page 1 of 1