SI
SI
discoversearch

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.
Technology Stocks : Seagate Technology
STX 276.69+1.6%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Raptech who wrote (5552)8/30/1998 8:48:00 AM
From: William Epstein  Read Replies (1) of 7841
 
Raptech;

I can't blame you for wanting to get the best price for your dollar. However, you are playing a game that I think, we have all played. The timing game. Most of us lose at this game because we are playing it against professionals (unfair?). Of course, I mean the specialists. The English have a saying I like "You can't beat a man at his own game.". There is a reason they are the pros. They are not stupid. They know that there are a million little guys like you and me out there, watching what they do. They have several tricks to doal with us. Very often when the specialist is hitting bottom he opens a trap door and drops the price precipitously for from 10 minutes to 2 hours. Then the price shoots back up to its former levels. When this happens a huge block crosses the board and then it's over. The stock often finishes the day at a higher price than the previous close. Often you can't get the stock even when you right on top of the trading because they won't execute your order until later. They are still within the rules. They simply offer the excuse that no stock was available at that moment. You don't really think that specialists will share their price level with anyone, do you? This often happens at the moment they go long or go short. It is an indicator that the specialist has changed his position.

Of course, you don't believe me and your a very good trader. I wish you the best of luck and I hope you make a killing. Maybe you can catch the specialist off guard. It happens.
William Epstein
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News