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Technology Stocks : Ampex Corp: Digital Storage
AMPX 8.900-3.2%Jan 7 3:59 PM EST
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To: Hal Campbell who wrote (1536)1/30/1997 9:43:00 PM
From: HPilot   of 3256
 
HAL,
THAT WORKS BUT... OOPs .. forgot I didn't need to shout at you. Just Norman. But I read an article once about a very rich trader in the 1910 to 30's era who admitted to doing this. I think it was legal back then. He said that it works but is not surefire. Stock can rebound on news in the middle of his selling. Or his buys sends it up quicker than his sells. However, he said it always worked when he bought puts before he started selling and buy calls before he started buying back!
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