Barry Hyman Quotes on Selling (3 Quotes)

People are just looking at the fact there was no other news out there today since the LSI earnings to really affect the market but there was a little bit of bargain hunting, ... LSI was a sector story but it was enough, with the nervousness going into tomorrow, to bring some selling onto the market.

The retail sales numbers we saw should have presumed a rally but we had some selling in Hewlett-Packard and NBC Internet. During the day, people started to realize that retail sales were good news.

Analysts said there was no fresh fundamental news to support the selling but noted that the recent rally was overdone. I think it was just a general sell-off after a very nice rally, ... The rally lacked volatility and conviction. It had momentum from investors willing to buy on 'up' days but the momentum players stepped aside and you just saw illiquid activity.