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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (201722)	7/29/2011 6:56:27 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 312983

Only as long as there have been markets. From "Reminiscences..." "Activity is all that floor traders ask. They will buy or sell any stock at any level if only there is a free market for it. It necessarily happens that they constitute the manipulator's first crop of buyers. ..... It is well, of course, to remember that these professionals on the floor of the exchange buy stocks with the intention of selling them at a profit. They do not insist on it being a big profit, but it must be a quick profit. I make the stock active in order to draw the attention of speculators to it, for the reasons that I have given. I buy it and I sell it and the traders follow suit. The selling is not apt to be strong where a man has as much speculatively held stock sewed up in calls -- as I insist on having. The buying, therefore, prevails over the selling, and the public follows the lead not so much of the manipulator as of the room traders. It comes in as a buyer. This highly desirable demand I fill -- that is, I sell stock on BALANCE. If the demand is what it ought to be, it will absorb more than the amount of stock I was compelled to accumulate in the earlier stages of the manipulation; and when this happens I sell the stock short that is, technically. In other words, I sell more stock than I actually hold."