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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (11307)	8/15/2002 2:17:48 PM
From: Bruce A. Brotnov	Respond to of 16631

I picked up more ACF for accounts at 13.30 pull back, this one could be a long term winner if the shorts finally throw in the towel. Bruce

To: Dave Gore who wrote (11307)	8/15/2002 2:36:21 PM
From: The Vet	Read Replies (1) \| Respond to of 16631

Just for a bit of fun, I put in a reasonable order to buy GMXX at the ASK.. Guess what.. typical BB, MM action they simply raise the BID a little to try to attract some sellers and ignore my order. The ASK doesn't change and my order is ignored... Eventually they will probably fill the minimum of my order and move the ASK up, but don't count on it....

To: Dave Gore who wrote (11307)	8/15/2002 3:11:15 PM
From: The Vet	Read Replies (2) \| Respond to of 16631

GMXX - the MM's are trying to play it cool, but they must be sweating bullets. I have placed a couple of orders at the ask and they fiddle about for up to 30 minutes before they fill it and then bounce the bid and ask another 5 cents. They have no sellers and no stock but they have to keep the lid on or they will be toast; they are not game to sell more naked shorts now that they have been exposed.. This could blow if a couple of dedicated buyers turn up..