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Joe Stocks

03/12/03 10:19 AM

#85843 RE: The Freep #85830

>>So why was that PPT buying rather than anything else?<<

The PPT could come in and see how much bang they can get for a buck. Last week no matter how much they tried they couldn't get any buying interest. Why not someone else? Because their are not many buyers out there.

Joe

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mlsoft

03/12/03 10:26 AM

#85852 RE: The Freep #85830

The Freep...

They are doing good here just to prevent a hard selloff - I don't think they are ready or able to mount a significant rally without some kind of news (or a more believable rumor) to underpin it.

mlsoft
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Tantalus747

03/12/03 10:51 AM

#85877 RE: The Freep #85830

While I believe mlsoft gives too much credit to the PPT (no offence to him - he's a good trader), someone is sure buying up the futures this morning with what looks like intentions of supporting the markets.

The buying has a kind of rythm to it... if I could just get that down.