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Technology Stocks : The New (Profitable) Ramtron

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From: jimtracker110/10/2010 6:46:02 PM
1 Recommendation  Read Replies (1) of 647
 
In the words of John Wayne, “life is tough and it is even tougher when you are stupid”.

I am afraid this represents those of you who are not students of the stock market. And Calling someone names because they use terms they don't understand simply shows their
Level of intelligence. And lack of knowledge of the market.

The two terms I posted were Specialists and crosses. These words unfortunately describe
How the stock market separates’ investors from their hard earned dollars. If you don’t know
What these terms mean, you should not be playing the market and certainly not Ramtron,
As it is manipulated to an extreme, and has been that way ever since my initial purchase
Some fifteen years ago. It is easier for some of you to call names rather than spend any time
Reading, well you must like to lose money.

A specialist is an individual on the New York exchange who has the responsibly of maintaining
An orderly market in a specific stock. The NASDAQ call that same type of person a Market Maker
Or MM as they are usually called by the SEC. If someone is selling and there are no buyers the MM
Has the responsibility of buying the stock. And the same if buying and their is no stock for sale the
MM will short them stock and then try and cover the short as quickly as they can. During the last
Financial panic these MM’s and Specialists were given access to almost unlimited funds by the Government. The other Recourse to the panic was to just not answer the phones that were ringing
with the calls of panicky investors. Unfortunately that process was embraced by way to many
Firms.

Crosses are just one of the programs to try and control exaggerated moves in given stocks. There
Seems to be almost a constant effort by the SEC to protect investors funds from various efforts
Of Crosses. All you have to do is go to the SEC website and you can see what they have considered
Through the years. They have tried to limit Crosses to a specific time of the day and also placing
A limit on the time the MM has to process the cross trade. One time that was recommended was 5 seconds.
They have also tried to limit the crosses to lots of 5000 shares or more. The majority of the crosses
I see now are early or after the close. As far as what the broker sees on the screen is limited to what
They are doing apparently. When I started making a lot of money in the market it was because of the
Software I was using. It was called WallStreetCity. I had all of the trades real time before corrections
Were made. I was surprised with the number of corrections that it showed. I had level 2 so I could see
How many orders were stacked up to buy, what price, and what quantity and the same for sells and by which brokerage firm.. I was Also able to see how much strength or weakness there was in the market of a Specific stock. Back in those years crosses evidently could be processed at any time so you could see Them walk the stock down, then the cross and the walk back up. My brokerage firm at the time was
AG Edwards and my broker soon found out I had more programs than what was furnished to him so
There was a fair amount of phone calls back and forth on what I was seeing. It was kind of fun to watch
My own orders work through the system. I got news more quickly than my broker.
I soon found that the data in front of me gave me a real advantage on the buy side so I was usually able
To buy pretty close to the bottom. That gave me the ability to safely average down, a no no by some
Experts. The bad side of the program was when someone was making a bear
Run on a stock such as QCOM and a few others, it was terrifying to watch a stock attacked and watch
The ensuing trades go through and the panic that followed. Unfortunately WallStreetCity was bought by
Another firm and they no longer furnished the time and volume real time and the level 2 so I stopped
Using that website. You have no idea how I miss that software. Best of all the monthly fee was dirt cheap.
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