News Focus
News Focus
icon url

Zeev Hed

11/23/04 7:12 PM

#325992 RE: was Steve #325971

They need to have the cash to do that, that cash probably does not hit till the 3rd, a Friday, and not all of it will be deployed at one, but it surely will provide support under the market later next month. By the way, I doubt Bill Gates and Balmer are not going to dish theirs out, and other non institutional holders will take some time to deploy that cash as well. I figure that Institution have about 50% of the shares, so maybe during December we get about $15 B injection into the market, nice chunk of liquidity. I wonder how much of this is going to find its way to "Money heavens" in the first half of next year.... By the way, the market is open Friday, as far as I know, and without all the professionals at their posts, it might be an interesting day. Jim has tomorrow as a turn date, maybe it will happen after all, but with the MSFT money flowing in, the retrench may be over in a week.