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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (5073)	10/29/1999 3:46:00 AM
From: E. Davies	Read Replies (1) \| Respond to of 18137

You must be trading some very thin stuff. Not thin stuff, but not thick either <g>. It really is amazing how much power a single individual has though. One hedge fund or mutual fund manager can blast even a decent size stock if he chooses to exit a position or buy options in quantity. 1000 contracts is 100,000 shares after all. Fund managers have been known to deliberatly trash a stock that they are closing out of. Doesnt look good to have it go up after you sell after all. End the day with a rash of very sloppy selling and try to instill some fear in the buyers for the future. Just look at what happens to the market around 2:30 and again at 3:00 when the program trading hits. I've never been able to predict which way they will go nor how long it will last. At those times of the day I try very hard to be in positions that are relatively insensitive to the market as a whole. Eric