wienerdog Posted December 10, 2002 Report Share Posted December 10, 2002 I didn't understand the market Monday but I liked it. :grin: Take a look at the % gainers today. The trash stocks up 30%+ while the 'dexes down hard. Classic speculative-topping behavior. If I didn't know better, I'd say we had another 50% down move in store for us. But surely we are not in a speculative-mania after 3 years of a bear market? Link to comment Share on other sites More sharing options...
EasyAl Posted December 10, 2002 Report Share Posted December 10, 2002 Looks like Merril itself considered the SOX rally since Oct. 9 was a bear market rally. It took advantage of the rally to sell significant holding of Chartered Semiconductor that it acquired but failed to sell in Chartered's October right offer. Merrill Lynch Cut its Stake in Chartered Semi to 2.2% Link to comment Share on other sites More sharing options...
EasyAl Posted December 10, 2002 Report Share Posted December 10, 2002 Rich's picture of the day: Link to comment Share on other sites More sharing options...
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