Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 127.80

+1.5%

Jan 2 9:30 AM EST

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To: Jon Huang who wrote (408)	7/28/1997 9:32:00 AM
From: Larry	of 1124

Jon Nice play. If I had it to do over again, I would have executed like that as well. I think I got caught up in all the excitement and forgot to use common sense. That always costs me money. One reason I didn't use a sell stop on Friday was because when I was watching the action on Wednesday, I saw the quote drop all the way to 149 on my quote screen. I thought it was an error until I looked at my day chart and it was confirmed. I understand that market makers do this at times to clear out everyone's sell stops before they move the stock up. Somehow, when it gets done, it is not reflected as the low of the day's range. I've watched GTW's action as well and sometimes the opposite occurs. Large spikes up and eventually the stock moves up, large spikes down and the stock follows down. Have you or anyone else noticed any of this, and if you have, what is your interpretation of the action? Thanks Larry

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