|
PureBytes Links
Trading Reference Links
|
I heard from a friend this morning who has an SP squawk, Solomon was in the
SP futures this morning bidding aggressively 400 lots at a time, which most
likely explains the divergence between the SP and NAS this morning.
Apparently he was primarily responible for the first rally from 1107 to
1112, and the second smaller one, and a couple more times around 1111.00.
Maybe he was protecting an option position who knows. Anyway, say that we
did succesfully keep the SP bid long enough to attract buyers. THis then
starts a ripple effect through the markets and individual stocks start going
up. Is this the way it works? Can one person (group/comapny) have that
kind of impact? Seems like there should be buyers for stocks first, which
would move the cash which would then move the futures, at least in most
cases. Can 1 group like this keep the SP futures bid long enough to turn
the tide of the entire market without support from many buyers in
inidividual stocks?
|