I wish to clarify a few items I have noticed this morning.
1.) The wall at the 5/8's on Friday was far, far, far, more than 10,000k. Most of the time 6 - 8 MM's were posting anywhere from 2K - 10K size each! And then refreshing them. Hit 'em, refresh... Hit 'em refresh, etc., I am in no way saying we alone we're hitting them by ourselves, we're not fools, others were definitely there as well (thank you retails).
But if we saw a strange post we would take them on. And, they were changing their posted size as well, 100 then 5K, 200 then 10K, 100 then 2K. All of them were doing it. And the one's posting only 100, the minimum, weren't budging a bit. You'd hit them, or others would, 10 times in a row and they didn't blink. The thing is, the real buyers flipped and acted like sellers posting big. Try and spot 'em, and ding 'em. They also would post INCA on the Ask then put on an unposted INCA on the Bid, or just off it (go figure THAT one out). They stopped acting coy after awhile, definitely took some finesse though. And the pent up overall strength in the end did it.
On the Bid, they backed way off, and were just sitting and waiting.
No one was stepping up to the plate. And when the crack in the wall appeared, we pushed HARD. And that was when the others just BLEW in.
The sight was to behold. It really was.
So... was their an "alleged" attempt? All I can say is that, if I may borrow from the other string, that showdown Friday at high noon
was one of the proudest moments of my trading career. It really was.
And I will always have that moment to savor. At this point I'm not looking for your respect, because its the crowd I work with that matters to me. Always will be. I am not looking create some legendary ghost swooping around for you all to follow blindly.
I don't need the baggage. Your on your own. I was merely trying to
help in a time of need and provide some knowledge along the way to some people who obviously needed it. That's all. You certainly won't be seeing me coming around on some next bizarre play for you to get slaughter on. Because this is it. Just some friendly guidance.
I don't give out pix. I get nervous telling my own family what to do.
And yes, it is amazing the money that gets thrown at you if you can display competence at what you do. Yeah I've got access to funds, both private and others. Look, I'm in my prime right now, but you burn out quick, 5 years or so once you've got a handle on things. We're roamers for now, and we're certainly not butchers looking to box or crush a stock and ruin people's lives. What most of you just went through last year is just chillingly awful. I'll never stoop that low. No, that's a whole different crowd. We're younger and fresher, not so jaded, at least not yet.
I saw a previous post I flippantly tossed out and, ouch, no trader can and pretty much never will control the direction in a stock, not even close. That ego is unchecked. However, we can put some english on the ball so to speak. Because this posse sporting nickel-plated 45's and Winchesters and riding high is about to round the bend and come face on to a squadron of M-1 tanks, fully deployed with marching orders.
We're just hang'in out behind a tree and gonna jump on back one of 'em and go for a ride. Just hope they didn't spent most of their ammo down at the test range.
I'm gonna post another two or so this afternoon because there are still a few items that haven't even been touched on yet.
Westwood |
