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For every stock that was sold yesterday someone had to buy.

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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 02:56 PM
Original message
For every stock that was sold yesterday someone had to buy.
Someone believes things aren't as bad as some would like us to believe..A lot of Stock was purchased yesterday....
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:02 PM
Response to Original message
1. That's true...
People buy when prices are low...

I hope you're right about things not being as bad as we might believe...
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:03 PM
Response to Original message
2. CNBC this morning said the Specialists on the NYSE and the Market Makers
.....on the NASDAQ were left holding hundreds of millions of shares at the close yesterday from all the selling.
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daninthemoon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:08 PM
Response to Reply #2
3. I does seem to have taken a fair bounce today.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:39 PM
Response to Original message
4. I'll bet a lot of money was made today by the day traders n/t
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 03:43 PM
Response to Reply #4
5. I Had Some QLD Which Lost 18% Yesterday
and doubled up just before the close. Am not even yet, but it made up more than half the losses.

Has to be taken day by day. In turbulent periods, panic and euphoria alternate on a frequent basis.
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