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Strategies & Market Trends : Trader J's Inner Circle
NVDA 175.02-3.3%Dec 12 9:30 AM EST

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To: Tony B who wrote (2813)12/30/1998 1:14:00 PM
From: Trader J  Read Replies (1) of 56535
 
All: Like I have been saying for the past few weeks. Gap plays have changed. I have it from a very good source that the MMs were/are losing their shirts on many of these wild rides and are doing what they can to stop it to some degree.....or control it.

There are still gaps to be had, but you must pick and choose very carefully and be extremely cautious with the low float stocks. Remember that the low float can work for you, or you against you. For example, GRIN. With GRIN, sure you could get in or out anytime you want to when they were trading 3x their float, but when that dried up and you are stuck with shares and try selling into weakness, you are at the MMs mercy. Look at BIKR today, many got stuck and I do not see it coming back anytime soon.

Trade well.

TJ
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