Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (59932)	3/6/1999 8:34:00 PM
From: TokyoMex	Read Replies (1) of 119973

A present for non dogs,, Wash and Rinse by Paul Tudor A lesson from N2Growth SA Member,, Just a "WASH AND RINSE" This was a term Paul Tudor Jones used all the time when I took private sessions with him in 88 explain Lets say you have an old high stops build at that level every one places buy orders expecting a breakout to new highs Does go to new highs MM's go take all of the stop inventory Then kick the crap out of it for a very short period of time As it's getting killed, they shorted huge to all of the buy stop buyers As the collapse accelerates, they reverse slowly and get long seen it many times As it reaches near the old high again every one is afraid Stock breaks out and participants are forced to chase it Can You Say SQUEEZE Exactly same thing happens at the lows that's why Paul Tudor called it a wash and rinse publics gone and the pros get richer. Have a nice weekend all,, thanx for coming to the usual weekend dog show..

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