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Technology Stocks : The New (Profitable) Ramtron -- Ignore unavailable to you. Want to Upgrade?


To: makeuwonder who wrote (250)4/3/2008 2:48:54 PM
From: jimtracker1  Respond to of 647
 
The MM's that shorted Ramtron placed their orders on the run up to six dollars. I remember the action that time and commented that the shares were being shorted as the stock price was not moving in conjunction with the volume. At that time I believe the shorting was done against the box. They are in no hurry to cover. I still think they are just trying to get all of the cheap shares they can. The only time the stock goes up is when they have a large block to cross at a higher price. They always make sure on that day the price closes above the cross. Makes the client feel all warm and comfy. I still think there has been a handshake on this stock, and we will see the stock stay in the trading pattern that is now evident until we get close to the day they change the handshake into a written agreement.

As I have stated many times before, I started trading stocks in my teens when my uncle decided that I was really interested in the market. He was president of a regional exchange at that time. He told me rule number one was "the market is rigged". He followed that up with the statement, the MM's will let you make a little money if you don't get too
greedy. I have never learned anything different from what he taught me. Before the advent of electronic trading the traders really were outgunned. You were damn lucky if you could make much money. Bout the only way you could make a big score was to get in a public offering and hope you had a winner. I never used to play the horse, I played the jockey (the MM). With the advent of PC's the market and the playing field got leveled out a bit. I had one really good friend who was honest with me and he or his Dad would let me sit in their office in the morning and just let me listen and learn from the phone calls they were on. We can't listen to the phone calls anymore so we have to do a lot of DD. I draw on my pre PC experiences and try and understand how people react to help me make my decisions. The patience it takes and surviving numerous market swings that I survived is another
component of my personal DD. I know the market is rigged, I know that money will surpass integrity and mould people in negative ways. I can't do anything about it and I have just learned to live and invest with it. My time spent in bucket shops and bars after the market closed were invaluable in accumulating a personal database that I trade by. I love the market for what it has done for me and at times hated it for the damage it did occasionally, but I lived through it and my family still loves me and I live in a house that was paid for with other peoples money and I have few regrets. I just
feel sorry for those people who are too lazy to do their own DD as they are the suckers in the big casino. To make a big score, all you need is one winner out of ten. The trick is to make sure you don't lose a lot on the nine bad decisions.