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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (288328)	5/31/2004 8:24:03 PM
From: Lucretius	Respond to of 436258

why not

To: marginmike who wrote (288328)	5/31/2004 8:43:14 PM
From: Lucretius	Respond to of 436258

although it also looks like the specialists were big buyers rt before the july 2002 collapse too. i own Qs already so i don't care -g-

To: marginmike who wrote (288328)	6/1/2004 8:42:59 AM
From: Tom Smith	Read Replies (1) \| Respond to of 436258

kitco.com something evil this way comes....I'm getting tired of living in these interesting times. In my next life, I'm planning to come back as a hobbit.

To: marginmike who wrote (288328)	6/1/2004 2:00:27 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Here is a post from GameMaker on the FOOL on that NY specialist stuff. ================================================ Here's an interesting thought-exercise. Return to the chart: decisionpoint.com Now put a piece of paper over the right side of the chart, covering everything from April '01 on. See the spike that happened in late May? At the time, THAT was the biggest spike on the chart. Had you bought then, you might have made some cash on the runup over the next few weeks. IF you follwed Rat 6:12-15 and had stops. But what happens over the summer? A few more spikes. The last one, late July (go ahead, slide your paper over so it covers from August '01 on) could arguably be even bigger than the first one. Buying opportunity, right?! And heck - why not plow my proceeds back in and take a bigger position. Hey, this NYSE trading stuff is easy! A year goes by. You never quite reached the old highs, and had only 1 opportunity to get out even. The rest of the time, you spent underwater. Now slide the paper so the left edge is even with July '02. You've been in this un-hunting dog for a year, and are down about 20%. But wait! There's that late July spike again! And look - it's even better than anything else on the chart! Buy, buy, buy! 4 weeks later, you're down ANOTHER 18%. That's a 40% loss, on what seemed to be solid TA. Personally, I think there are other factors at play in that chart. Not for me, thanks. Best of luck to those who play it. Just trying to help with another viewpoint.