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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: DizzyG who started this subject9/11/2000 9:38:46 PM
From: gene_the_mm  Read Replies (2) of 1426
 
I HOPE EVERYONE IS 'LEAN' IN THIS BRUTAL MARKET...

Just when you thought it was safe to go long again...

I have been in this business for about 7 1/2 years now, and I have never seen such a harsh market. Shorts get squeezed out and the market looks poised to run...BOOM! Longs get pummelled and it is nearly impossible to make a living. To top off all of that the intraday volatility has gone through the roof... No direction, no real leadership...

All I can say is that these times are simply a matter of survival, IMHO. The key in this market is surviving, preserving capital and waiting for a less choppy market with better 'trending' opportunities. That is not to say that you cannot make money in this market. Rather, the problem is finding good risk-reward opportunities and capitalizing on them.

Hang in there folks... IMHO, the market is STILL range bound WITHOUT confirmation of an uptrend OR a downtrend. Anyone have any other encouraging words to add here?

Wishing you all profits and patience,

-- Gene
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