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.

Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1821)	11/30/1997 5:01:00 PM
From: Don Green	Read Replies (1) \| Respond to of 4969

Steve I understand what you are saying, but that also implies you may lack confidence in taking on the burden of trading totally on your own. Having a big company to support you makes your perspective much different than if you were on your own. I am not trying to criticize, but you sometimes come across as THE SOURCE... Until you come out of the warm shelter of your company and Trade with only your own funds you can not make a true evaluation of your ability... I have been an active Investor and trading in the market more than 30 years. For quite a few years I was limited on what I could do in the market because of a close association with J.P. Morgam and Goldman Sachs. I have a wide variety of investments in real estate in Florida also income investments and I day trade as a hobby / mental exercise. I have a set goal of making $1000 per day.. I have limited myself to a $50,000 margin account leveraged to $100K...on average I make $3000-5000 per week.. I have been pretty successful, but I am very unorthodox in my trading style. Regards Don

To: steve goldman who wrote (1821)	12/2/1997 1:48:00 AM
From: Whipsaw	Read Replies (1) \| Respond to of 4969

Steve, can you comment on this practice? <<[A wholesale market maker] is playing games with this stock trying to spike it down. They are putting out huge sell orders just above the ask, then when it gets close to filling they pull it off the table quickly. >> This was posted on another board, regarding a stock (VVUS) that had a milestone news announcement today. The day's price action was rather unremarkable, considering the importance of the news and strength of the overall market. The stock has a considerable short interest. Could the MM have been holding it down to give a big customer a chance to cover, or perhaps accumulate? What are the best plays for an individual in these circumstances? Thank you for so freely sharing your expertise on this board.