Strictly: Drilling and oil-field services 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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Ox who wrote (35020)	1/13/1999 8:14:00 PM
From: dealmakr	Read Replies (1) of 95453

Michael, I trick that I learned in trading RON and a few others in the sector when the spreads widen is to look for a glimpse of either size to buy or sell. When the stock is moving fast it will go down to a support level or up to a resistance level that shows some size in excess of 10k offered. On buying a dip when it starts to come down for example to support @ 26 with 12k bid and hits it light, then the specialist puts up a small bid just over, you watch the sell pressure. If the ask price keeps coming down on small offers without size to sell, the trick may be to bid just over the specialist for a fill, also means stepping in front of a size buyer. Doesn't mean that you get it, but on the NYSE you shouldn't have to pay up 3/8 on RON. Another good way to watch is by running time & sales or a tick chart to show where the size is trading at. You can usually tell if your entry point is near either a support or resistance area by watching. Bot WFT today @ 20 1/4, so take what I say with extreme caution<G>. Looking for rebound. Good Trading Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next