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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Esteban who wrote (8236)11/22/1997 9:52:00 PM
From: Sergio H  Read Replies (1) of 79519
 
Esteban, thanks for your thoughts. The MM position that I described
could not have develoved from trading as it was pre-market and there was no momemtum. I felt that the stock had dropped from negative interpretation of a positive Motley Fool article and that recovery would
follow. The MM positions that I saw were logical and consistent with
what had previously occured, a drop in the ask from the 3/4 area to the 1/4 area.
In sizing up the trading activity for SRSL, it is important to take into concideration that it is normally a thinly traded stock and therefore that much more subject to MM manipulation. The MM tactics used on thinly traded stocks are more difficult to discern, even with a level 2 machine.

Sergio
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