Building materials group Redland was again subject to heavy selling following its results yesterday.
While not entirely unexpected, the failure led to heavy selling on Wall Street.
The new 10-year issue, which was subject to heavy selling, also dropped 3/8 point and was offered at 99 17/32, to yield 8.57 percent.
He realized that his system could easily be adapted to short selling.
"So the market said tech was strong and a couple of disappointing revenue or earnings numbers have not led to widespread selling."
They "like simultaneously building a company, tailoring products to changing markets and selling," he said.
Overnight trade refers to the buying or selling of currencies between 9pm and 8am local time.
We shall first consider the indirect approaches to international selling.
Analysts said uncertainty over the size of the financial penalties that the company may now face had led to widespread selling.
But instead of turning to renewed selling, the market steadied.