Mama/Dale,
Thanks for the comments. I wish I had been paying closer attention yesterday. Out of VMIX this AM to recover most of my loss from yesterday. VMIX had great earnings last eve. popped back up 2+ points at the open then started drifting back down. On Schwab's lame version of L2, I could see that the bid/ask sizes were consistently 1/5 to 1/100, with the the ticks relentlessly downward. Someone seems to be selling big time, and I'm getting out of the way.
Write 100 times: Never fall in love with a stock. Never fall in love with a stock. Never fall in love with a stock... VMIX looks to be a great company, $258M sales last qtr, and doesn't even get mentioned in the earnings rundowns, so it does not matter. LOCK is, by all objective measures, a sh---- co, and gets talked up on CBS Marketwatch--the fact that it has virtually 0 sales doesn't even get mentioned.
Barb, how do you figure out the MM head fakes? I see that happen on Schwab's poor man's/women's (gg) version of L2. What I try to do is watch for the ticks over several refreshes, and see where the trend is going. Trouble is, it's after the fact, and I can end up chasing the price.
BTW, NITE has fallen out of bed. I made soem good $$$$ off it, but I'm staying out of the way untill it appears to settle. Poor NMGC holders. For over a year, the market kept saying it's great performance couldn't last--finally they were right.
Jim
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