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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (84507)	10/22/2000 10:05:54 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

ild, When I trade, the blocks are so huge nobody knows what I'm doing. <g> The way folks know is by guessing. If a 500,000 share block trades down half a point, that is likely to indicate a buyside firm trying to depart in the worst way possible and a sell side firm bidding lower at a price where they think they can slough off the crap to the retail dolts, assuming their analyst ups his targets. <G, sort of> Ditto if a similar block trades up half a point, except you would then guess the buyside is suckering in to buy at the top. I would not touch the paper of cos. like FMO. However, the reason for that is risk vs. reward. If you buy FMO at $3 and change and it goes to $22, that is a big pop for the risk. Debt will never go up like that, yet you have the same risk of zero as the downside. Also, I tend to like my income positions very conservative and my cap gains positions more adventurous. Actually, I prefer an adventuress and I'm about to go out looking for one. <g>