Stock Attack -- A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Judy who wrote (7411)	3/27/1998 1:56:00 PM
From: Robert Graham	Read Replies (1) of 42787

I am working on my tape reading. Did you see that much of the block trading was done in the morning? And the afternoon pegged most of the price gains? Also there were points in time where the blocks that did trade should of moved up the price of the stock but did not, and at other times where there was no large block activity, the price moved up in a short period of time. The more I think about this, the more I am beginning to believe that the MMs had their hand in helping the price move up. Also there were many instances where it was difficult to tell if there was a sale or a purchase of stock. I would like Papyrus to include the bid and ask at the time of the print to tape. I was sceptical of this breakout and knew that it can turn out to be short lived. I hope I communicated that much to you in my post. Ordinarily I would not of been anticipating a pullback given the volume for that day, but in this case I had different thoughts. I just thought the uptrend would lasted at least through part of today if not into the next. But I see the earnings report came out at the end of the day yesterday. Shows you how much I trade stocks for day to day profit making, or trade on earnings. Next time I will look at the time of the day of the earnings release. Silly me. So this means that the stock was moving up on anticipation of good news which IMO was ill-advised purchasing considering the developing fundamental and technical picture of the industry. When the bad news came out, the stock naturally dropped leaving large block customers still exposed. Have you noticed that when a sector is under distribution for a period of time, toward the end there will be unusuall price gains in some stock issues that attract attention? This can attract temporary speculative interest back to help support a selloff. I do not know if this is artificially induced (encouraged) event or a real type of event that is an outcome of the natural speculative interests in the market. Do you have any thoughts on this? This has definitely turned into a learning opportunity for me...which did not cost me anything. Bob Graham

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next