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Technology Stocks : Data Dimensions
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To: Olu Emuleomo who wrote (584)4/10/1997 5:55:00 PM
From: Ed   of 4571
 
Olu, your reply stated:

"One of their tricks is to try to take out stop losses.
That's why they probably yanked it down to 19 1/4 today 04/10/97; since most people will put stops at 19 3/8 to 19 7/8.
That's what they do! You can profit from this if you know their
tricks!"

How would a person profit from this knowing this trick? That is, how would we know if the price is just "passing by" the low 19's on its way to the 18's?

Let me guess? The spread prior to the fall was consistently in the range of 3/8 to 1/2. Then, all of a sudden the spread widened to 7/8, while the ask remained constant at 20 1/8 -- bid fell to 19 1/4. Is this a good guess?

Thanks for the tip. Let me know if my guess is in the ballpark.
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