2 pm then will see which way they want to take it even thought the indication is down. Remember when it split those shares holders have 2x the amount of shares even thought the values is the same. Many will sell 50% of their holdings at this price knowing that to many the stock now looks cheap.
1:00 pm : Not much has changed over the last hour of trading as the major averages continue to vacillate in roughly the same ranges. The holding pattern is likely attributed to the fact that the minutes from the August 7 FOMC meeting will be released an hour from now.
Even though the Fed subsequently changed its tune 10 days later when it cut the discount rate and revealed a greater concern about the economic risks from the liquidity crisis, the data do have market moving potential and will be studied carefully for comments relating to the debate on inflation and the pace of economic activity.DJ30 -149.53 NASDAQ -32.73 SP500 -17.50 NASDAQ Dec/Adv/Vol 2180/701/756 mln NYSE Dec/Adv/Vol 2677/541/572 mln