What is the broad selling all about ?

Discussion in 'Trading' started by 4XIS4U, May 12, 2005.

  1. 4XIS4U

    4XIS4U

    I'm completely confused with today's selling ... good, great and bad stocks getting sold without no apparent reason.. ??
     
  2. selling?


    techs not exactly selling

    looking like buying to me but being dragged down buy weak meaningless dow
     
  3. 4XIS4U

    4XIS4U

    Looks like buying to me too but all my long positions are red right now...
     
  4. ozzy

    ozzy

    Some of it may be due to hedge funds unwinding positions to cover margin calls after the GM debacle.

    ozzy
     
  5. birdman

    birdman

    good point, look at IP
    the leader in the paper / forest products industry (WY a close second) hits a new low