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Article on the corporate debt situation and who is doing all the buying?

posted 02/25/08 11:52 PM | Viewed 157 times

I watch several stocks, and the SPY and Friday I noticed all the big over 100,000 share purchases on the SPY. But not just the SPY but others, AAPL, GOOG and even MSFT have been left out. I watch stuff like that and I am baffled by the large share purchases. Two day total on the SPY was around 28 million for over 100,000 share purchases. Big purchases are not unusual, however a lot of them all day long is. The total for the market over all seems to be around $400 billion. Petroleum funds have that kind of cash, with a cash flow of around 50 billion a day. Some say it is just forced buying because of the record number of share sold short 2 weeks ago. I do not know.

The article talks about the possibility of more write downs. I know I have some write downs of my own to contend with since my ROI is presently at 0. Good luck in trading.

http://money.cnn.com/2008/02/25/markets/barr_writedowns.fortune/index.htm

 

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GS751

Member since: Feb 08
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Trade Notes 1
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Age: 20's
Houston / Louisville, TX / KY
GS751
Posted February 26, 2008 (01:19PM)
do you ever watch shortsqueeze.com Soro's is not a good buyer (he dosent chop up too much) and awhile back when were in a bull he bought a bunch of the SPY in big blocks like that.
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snowman

Member since: Mar 07
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Age: 40's
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Posted February 26, 2008 (04:32PM)
No I do not watch it and I had not heard that. However Soro's stated recently that he is not interested in holding American currency, let alone stocks. So I cannot see him making that big a move. Like you say it is usually broken up so somebody is purposely making a statement. The computer programs can do amazing things once you get to that level of trading. So it is Odd.
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