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Strategies & Market Trends : Analysis Class for Beginners
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To: Arthur Tang who wrote (1132)3/7/2000 4:48:00 PM
From: Arthur Tang  Read Replies (1) of 1471
 
Getting excited about rumours and "pump and dump"?

The above go together hand in hand. But by the time, you notice the high percentage moves, you have to use microTA to predict how much pull back is going to happen?

It all depends on float and volume of the day. The extend of the overbought. 90,000 shares of net overbought will only take 4 weeks to turn back to oversold. On 30% pull back basis. If the overbought is 1.2 million shares with float of a few hundred million shares, probably 1/2 year at 30% pull back. 10-20 million shares of shorts while up 10% may take two years and over 70% pull back to buy back the shorts on Apple shares. Whether Goldman ever made money or got short squeezed to get out, on 30% pull back, I don't know. But Jobs sold all his shares (1.5 million minus one share at $12.5/share to Goldman) and wasn't enough to satisfy Goldman's shorts.

MicroTA is so important to know the future tie up of your money if you own some unlucky stock, by some greedy action of some market makers in some large brokerages. There are only 680 market makers on Wall Street. They all have to be retrained to handle this large market, especially electronic trading influence.

Have you learned microTA and spotted overbought condition to sell before you get hurt on 30% pull backs?
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