WR's Momentum Trades 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 : WR's Momentum Trades

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wayne Rumball who wrote (5509)	2/11/1999 11:17:00 PM
From: Kimberly Lee	Read Replies (2) of 11130

The mms already took VERI down to under 1 when I hit them with the buy order -- it was about 3/4 x 1 1/8. Right after I bought at 1, within 20 seconds, the inside market became 1 x 1/8. I took their offer at 1 1/8 again, plus several buy orders came in. Two minutes later, it upticked to 1 1/8 x 3/16. More buying pressure began to mount throughout the afternoon, and the stock closed at 1 9/16 x 3/4. VERT was forced to change the symbol to VERI yesterday -- the dummies who bought them all the way up to 6 1/2 already had 2 days of panic selling after the sudden symbol change. MMs shorted lots of this stock above 5. I know some of them are anxious to cover at a reasonable price. Judging from the tape action, today is the key reversal day, with the selloff climaxing at the moment I placed the large buy order at 1.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next