Salad Dressing?

Dubious · Senior Poster Joined: 26 Mar 2005 Posts: 142

Does anyone see a "window dressing" mark up rally next week before the end of the quarter? I believe they tried it on Friday but "someone" got greedy and put a massive block index sell order in on the DIAs, SPYs and QQQQs.

Monday would be the day. Consumer confidence report on Tuesday should be a really eye opener Shocked

. Then a GDP report on Wednesday - wonder what that will look like? The SEC kind of frowns on the mark up day the last day of the quarter - like in that past - that was like an automatic day Sad

. I miss the t-ball days. Ahh memories!

Any thoughts on this issue (mark up)?

Dubious

Dubious · Senior Poster Joined: 26 Mar 2005 Posts: 142

I was actually putting out the tea leaves. We could see a reverse "window dressing" to get those names OFF their quarterly report. We could see a big sell off...I believe the consumer confidence report could be the impetus for this. Should be a interesting week....ending with the "How did they come up with that number?" - job report.

Dubious

HenryTo · Posted: Sun Mar 27, 2005 10:33 am Post subject: window dressing

Dubious,

Not sure about the power of window dressing next week since the majority of stocks I have been keeping track of did badly during this quarter - and one can see that happening from the McClellan Oscillator. Confused

I think there will be more dumping then selling over the next couple of days - especially in issues such as AIG, FNM, GM, and maybe even WMT now.

Hmmm... PFE and MRK? Which retail investor will want to see an increase in those two stocks in their porfolios? BA and HPQ changed CEOs and KO hasn't performed well either. DIS has its own problems. JPM just settled the WCOM case for $2 billion - which is nearly half of their annual net income. Shocked

We will see.

Henry