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re: Dow Jones closes down "ONLY" 357 points!
Posted on 2/28/20 at 4:44 pm to Janky
Posted on 2/28/20 at 4:44 pm to Janky
quote:Cook was fairly emphatic about China doing better and returning toward normalcy. Maybe there's truth to the claim.
Most semi-conductors finished solidly in the green today. The top 5 companies with the most China exposure are all semi-conductors. That may be another decent sign. SOXX was up 2.25% today.
1
Posted on 2/28/20 at 4:47 pm to NC_Tigah
quote:
Cook was fairly emphatic about China doing better and returning toward normalcy. Maybe there's truth to the claim.
I was told on this board that he was lying.
The SOXX is up another 73bps in after hours.
This post was edited on 2/28/20 at 4:48 pm
Posted on 2/28/20 at 4:56 pm to Janky
quote:The was my inclination
I was told on this board that he was lying.
Apparently MSFT bounced off a technical level so the rebound may have been due to Algorithmic Trading. Then there is this:
quote:
Two things happened Friday afternoon. First, the Fed said it’s ready to do what it has to in order to address the crisis. Second, you had a situation where people didn’t necessarily want to take a big risk going into the weekend and a lot of people who had shorted the market needed to cover. Once they started, they couldn’t stop.
Some of the recent market “darlings” caught a bid at the end of the day. These included Microsoft (MSFT), Disney (DIS), some of the microchip stocks, Alphabet (GOOGL), and Tesla (TSLA). All of these came back pretty good.
This isn’t to say that stocks can’t fall further.
LINK
This post was edited on 2/28/20 at 4:58 pm
Posted on 2/28/20 at 5:20 pm to LSURussian
quote:
why did MSFT rally to close near its high for the day, up $3.80+/share?
Apparently they had some stock buy backs at the closing which caused a short squeeze
Posted on 2/28/20 at 5:48 pm to LSURussian
SQ helped me out in this shite week, end up a good bit today with the after hours and late rally.
Posted on 2/28/20 at 6:37 pm to LSURussian
Losing 357 today is like losing 150 just 10 years ago right?
Posted on 2/28/20 at 7:06 pm to deeprig9
Losing 357 was like gaining 250 on a normal day in my opinion.
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