Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

baletwine...

Watching the trading in INTC, MSFT, CSCO, etc., I think that this rally is just AG putting in some padding for the earnings due out this week. As long as the volume stays light, he can easily hold the market up.

I have also been watching SMH and it has been pretty humorous. The bid all morning has mostly been the PSE, although the ASE and PHSE sometimes chime in. The leader, though, has been the PSE and it has been putting in bogus bids to influence trading higher all morning long. They will show a bid of 20-35,000 shares but the second it is hit with more than a few hundred shares the bid magically disappears. This pattern has persisted all during the rally.

I expect selling to come in as we move into the close, but any significant decline from here would depend on the volume picking up.

mlsoft