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Strategies & Market Trends : DAYTRADING Fundamentals
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To: KM who wrote (127)6/6/1999 6:21:00 PM
From: sam   of 18137
 
Truff: There's no way to handle that situation well. You were caught in a trap and there was nothing you could do. With some stocks you wait it out. With others you have to bail. It's a split second decision. But generally, if a stock is plummeting, and you have shares to sell you are fat out of luck. Like in a short squeeze, but worse. Island traders disappear and the MMs leave you holding the bag. This, of course, is the "ace in the hole" the mms have over us at all times. They know we are scared to death of being caught in one of those twisters. And they use it against us all the time. Best course of action, however, is to learn to see the "writing on the wall."
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