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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Paul A who wrote (4467)2/12/1998 10:15:00 PM
From: LzzrdKing  Read Replies (1) of 7396
 
Holding a bunch of stocks I like here
DMMC:
DMMC is one I have traded many times, and here is my insight to it.

Wessels Arnold is the only market maker that matters in the stock, the rest are noise.
The trend of the stock is clearly up.
However, Wessels is ruthless in this stock and makes it very difficult to trade from the long end.
There are only two viable trades on it in my opinion, and here they are:
1. Buy on extreme weakness when WSLS hits bid
2. Short on extreme strength when WSLS is on offer.

The reason is simple. WSLS sells the stock short and then takes it down to cover. They make the stock look weak but it really isn't, it's just games. Today the stock held the 50 day. I was a buyer at 16 5/8. It looked just horrible then, but WSLS was on the bid. If it goes lower I will buy more as soon as WSLS hits the bid.

also like FFGI BCOM ESPRY NRVH LAND ICUI CYBX COMR GMSTF KELL SYNT GEOC ITEQ GECM

Also holding the following woofers SPLN MDCO
SPLN has been weak but notice that it has closed strong each of the last three days. This to me signifies a shake out, and higher prices coming.
PAUH-I am a buyer at 9 3/8 if RSSF leaves the offer. This stock is ripe for explosion and valuation also absurd.
RADAF-buying over 15. Looks like games again.
ALNK-watch closely for move.
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