MDA - Market Direction 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 : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick Slevin who wrote (1343)	12/11/1998 2:27:00 PM
From: HairBall	Read Replies (1) of 99985

Patrick: Whatever the trigger was it did have an effect, did it not? Well, I always use mental stop loss points. I had to step out of my trading office for a few minutes this morning so, I set stop loss points with my broker. I almost never do this. However, on this rare occasion, I got burned today on several stocks. One stock I was short was EGGS. The eight minutes prior to the pop up, EGGS traded approximately 50K shares. The first 4 minutes of the pop EGGS traded approximately 135K shares and for the next 4 minutes EGGS traded approximately 145K shares for a total of 280K shares in the first eight minutes into the pop. I do not believe individual investors could have reacted quickly enough to facilitate that amount of volume increase. It HAD to be MMs forcing short position stop loss triggers. Since, I have been unable to re-establish my short positions and have become sickened listening to the Democrats act like the OJ Jury. I may well call it an early day today and reach for a beer, cigar and head for my smoking area on the patio relegated to me by my better half for such ill begotten habits….<g> Such is this man's fate on a cold and rainy day in TEXAS! BWDIK Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next