Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: acuransx_2000 who wrote (6723)	5/6/2002 10:04:52 AM
From: Dave Gore	Read Replies (6) of 16631

ALL - Successful Market Timer says Market Rigged Against the Small Guy If this is true and fundamentals no longer matter, then perhaps we are all stupid for even trading and certainly investing. I suggest all write the SEC, their state representative, the Senate Subcommittee dealing with these issues IF you believe this might be true. SEC complaint link ----- take 2 minutes to help make the market fairer. The more who write, the greater the chance they will investigate sec.gov **** SNIC / ESST linked to this fact by: DVDmogul1 05/04/02 02:16 pm Msg: 16647 of 16677 A direct quote from Don Wolanchuk a master Market timer. "unfortunately or fortunately the specialist and market makers MM trade for their own books....and can halt an advance at any time using the hammer of the short sale...specialist short sales are the biggest enemy of the investor....the specialist short sale is in fact a necessary evil in as much as it accommodates the publics demand for inventory.....thus once the public buying subsides and the exchange is now short...the incentive of course is to take the market down to accomodate the covering of their shorts into the selling that is precipitated by the decline....remember it is not buying that causes advances it is buying that causes declines " The above paragraph is like a Bell. When it finally sinks in, it took me a great while to understand this. If you are having trouble with terms, just ask and I'll decode them. The market in SNIC and ESST is directly linked to the phenomena described above. Specialist or Market Makers have an unlimited ability to manufacture shares and sell them short. This is the function which popped the market bubble, and has put a lid on SNIC and ESST despite great earnings. Using general market conditions as a backdrop for daily price setting, the MM goes short stepping down the price in the hopes of taking shares away from accounts who 1. Have set Stop loss orders with brokers. 2. Has these particular Securities in a Margin account where the account can be forced to sell back to Mr. Market. This combination is little understood by the investing public. When the Short Interest data is published monthly, that data does NOT include the Specialists and Market Makers open short positions. This is the great OBFUSCATION of the Supply demand ratio of buyers and sellers. It's this Obfuscation of trade that rigs the market against the small guy and for the Institutions that provide the big bucks. When you see the trade in SNIC keep in mind Price suppression is the MM only defense against a demand in excess of a scarce float. Fight On SNICSTERS we are part of a new breed of Yaholligans ourselves, in the right place at the right time in the right stock with full understanding of the game being worked here. PS; When Public Demand does not dry up, Mr Market Maker starts ratcheting up the price, why because there are Sellers up in the stratosphere somewhere.

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