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Re: Market on it's heels! Obama to speak at 1:00

By: DueDillinger in CONSTITUTION | Recommend this post (0)
Tue, 09 Aug 11 1:01 AM | 24 view(s)
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Msg. 14300 of 21975
(This msg. is a reply to 14296 by lkorrow)

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Individual investors have been largely out of the market for a long time now, Linda. The bulk of the volume is the hedge funds and mutual funds; the former using programmed, high-frequency trading automatons.

They pushed the sell button today, and the programs reloaded some right after I noted the volume spike and nailed the reversal around 3PM. Also, margin calls likely caused the high-volume selloff at the end of the day.

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The above is a reply to the following message:
Re: Market on it's heels! Obama to speak at 1:00
By: lkorrow
in CONSTITUTION
Mon, 08 Aug 11 11:50 PM
Msg. 14296 of 21975

Ah, yes, bottom line.

I wonder who was left to dump stocks. Anyone with any sense was already out.


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