To: carol alba who wrote (22509 ) 8/3/1999 10:07:00 PM From: Bryan Read Replies (5) | Respond to of 40688
Emotions are probably the #1 obstacle in trading securities. Good MM's prey on the psycological factors that exist in every market. That is why more often than not, you can get radical swings in bb-stocks at the hands of those that create the liquidity; the MM's. I'll tell you something right now...this trading is pure crap . This is nothing more than manipulation by the MM's who are accumulating thanks to weak hands dealing straight into the MM's. They are holding the price below the support and shares are being puked into their hands. I can't tell you how many times I have used this same technique in my market. It works, it's legal, and it's all part of the game. Most of you probably already know this but..... For example, in a trading system, you can stick better offers in a security, commodity, whatever, and artificially lower the price (especially in the midst of a downtrend). The original offers give in and hit the next best bid (and guess who that bid is....ME). The MM's accumulate while the whole time, offering the value of the security lower to entice other sellers to hit their bids. Those offers mysteriously disappear as more accumulation occurs. Then the security usually moves up quickly as the offers disappear. PNLK, welcome to the game. The tone on this board has gotten extremely negative....many posters are gone or in lurking mode because no one has anything good to say when the price of a security you're holding is sinking. These emotions are being translated as an opportunity for MM's to squeeze out some weak positions. DON'T LET YOUR EMOTIONS DISTORT THE FUNDAMENTALS. Think about it.......tell me one thing that has fundamentally changed for the worse for PNLK. Forget about sagging net stocks, NASDAQ, Y2K jitters, etc...Tell me one FUNDAMENTAL change that has occurred. Right......thought so.....LONG and ALIVE .....Crosby, Stills, Nash and Young playing on the CD as we speak.... Life is good. bk