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Strategies & Market Trends : Position Trading Forum
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To: Glenn who wrote (5490)11/7/1998 11:12:00 AM
From: Paul A  Read Replies (1) of 7247
 
I wanted to pick up a few hundred shares of DELL before the market close on Friday, but made a mistake using the damn touch tone order system and typed 30 shares instead of 300.. it was 3:59 and so I hung up the phone and said ta hell with it.. I cant see much downside at this point regardless of a market pullback.. at least not up till earnings, but than again its been doing nothing for 2 weeks now and that in itself is really weird.. someones up to something, but what?

RXSD was another ASND situation.. as bargain hunters came in early in the morning I saw the lack of movement, and the huge blocks being sold off once the market makers dumped enough shares at a higher price.. I waited till 13 7/16 but knew I should have gotten out at 13 3/4...somebody wanted out of this stock in a huge way.. between 1:30-2:30 it sat at 13 1/2 by 13 9/16, and every 10 minutes you would see a huge blocks go off at the bid, but the size of course would stay the same.. thats why I only play 1-2 positions at a time because I need to watch this and understand how futile it is to try and profit on a beaten up stock if someone has enough shares to sell that a stock trading 10-15 million shares cant get past it.. sorta like ASND did just before that dissappointing report.

ok im babbling again.. its the weekend, and it takes until Sunday before my mind is free of the market..
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