Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (22908)	3/13/2005 2:05:48 PM
From: kodiak_bull	Respond to of 23153

Well, it's nice to see this thread active on issues that may be as un-solvable as US and world politics but aren't nearly as acrimonious (so far). DB's charts show just how interesting and invaluable it is to have a charting service like Worden's where you can custom make your own templates and run them in timeframes from tick, 1 minute, 5 minute, up to Daily, 2-day, 3-day, up to weekly, monthly, quarterly and yearly. Another nifty thing about Worden's is the ease and speed with which you can create your own scans and sorts. It really is the finest tool of its sort I've ever come across (but it is not without its flaws). Anyway, enough carrying water for the Wordens, they can do that themselves. Off topic: you have to tune into The Contender. I dislike reality shows and don't really care for boxing, but this CNBC reality show is a total knockout. I watch little TV at all these days beyond "24" and some PBS, but The Contender is, literally, must-see TV. Kb

To: chowder who wrote (22908)	3/13/2005 4:21:07 PM
From: bull_derrick	Read Replies (1) \| Respond to of 23153

Dabum, thanks for the chart on DRRA. While I along am not the only person in the stock, I unwound a pretty good sized position in December 2004. As you can see, there was one red candle in early December. I sold 1K shares on December 7th but it then started to have trouble breaking over the 50 ma. I started measured selling on 12/15 which gave inventory to the market makers to mark up and sell. Between December 15 and December 20th, I sold 16,000 shares of DRRA on 42 separate sales orders, always to the highest market maker's bid. This gave them an incentive to mark up the shares and get the public interested in buying what seemed like a stronger running stock. I finished selling my inventory on December 20th. The stock ran another 20 cents or so as the market makers distributed my stock after I quit selling. At this point, there was no inventory left for them to sell. The stock fell after that. The TSV chart on DRRA looks strong in December. Yes, it was going up but only because I was giving the market makers inventory to sell. I've traded DRRA for about six years and know if I had put all 16K shares out at 10 per share at the start of December, I'd still be owning it. This goes to my point that OBV or TSV charts may seem to indicate strong buying where in fact it's actually a large holder selling and the market makers distributing that stock to an uninformed public.