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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: CENTrader who wrote (190)	12/14/1997 5:17:00 PM
From: Chartgod	Read Replies (1) \| Respond to of 2377

Well put Bill, Please be specific....Let's get down to the Meat & Potatoes here!! But I really doubt that you will get to much from him/her/it? Let's face it, with todays 'fingertip' access to the world, the edge that they {mm's} held are are on a serious spiral downward. The 20 bil, that {his company} manages will slowly be dwindling away as we are much more readily available to the resources that have been used for years.. {Not just a bunch of good 'ole boys getting together, buying blocs, and the pump/dump, doubling & tripling their investment and on to the next}. For example, I called my personal broker back in the beginning of May, {one I have boughten LARGE caps thru in the past}, and I wanted to buy a BB stock.. His reply? He tried to sell me CISCO, which more then likely they {Edward D. Jones} had a ton of to dump and then said come back when you want to do some Real Investing. Since then, {for the first few months, at least} I printed copies of my transactions, +10%, +50% and doubles & triples, mailed them to him.. As of yet, he has not yet asked me to stop sending them...and the only time I guarantee that we will ever speak, is if for chance we happen to meet somewhere on the planet.. And trust me, I know that the words spoken will be what I say to every stranger I meet-=> Hello! And, my view of MM's nowadays? Pardon me Mr./Mrs. Smith is that the rules HAVE changed... It is only now that it is: It's my world baby, and your just living in it.. Instead of the way it used to be. Whew, I'm done... Sorry everyone, but let us now get down to business, or if the 'Master's of the thread' would like, I would be more than happy to create a mailing list {from today's postings} and 'distribute' the POW to all who have participated so far in the positive direction of this thread. AMEN!!!!!!! jc

To: CENTrader who wrote (190)	12/14/1997 5:25:00 PM
From: David Smith	Read Replies (2) \| Respond to of 2377

Bill, in my first post I tried to outline some ways I believe groups of small investors (like the 56'ers) can compete successfully with the larger players in the market. First and most important, play price swings through postion trading stocks in the mid and large cap range. The recent action in MSFT is a perfect example, and would have been extremely profitable, safe and fairly predictable for a great 10-day position trade, both long and short. Tradeable patterns occur all the time in stocks like this and they are easy to spot by even a casual TA user. The key is to go for consistent singles and doubles, not homeruns...this is how MM's approach their inventory/position trades. When I see people throwing a chunk of cash into a $2 stock because they read on the internet that it's a "great long term investment", it makes me sad because the farther below $10 a stock's price, the more that factors OUTSIDE SIMPLE SUPPLY AND DEMAND come into play. Example: when BOSCF was recommended, it was obvious by the volume that a large number of 56 thread followers jumped into it right away. During the next day or two, when the price did not budge even with all the buying, there were numerous posts like "the MM's can't hold the price down much more with all this buying"...."the MM's will have to cover their shorts soon with all this buying pressure," etc. It was obvious to me that the dominant dealer in the stock had inventory to unload or was willing to short outright (and look at how incredibly profitable that was for the BOSCF dealers). This is ONLY ONE unique situation that can affect a penny stock...there are many others; thus the absurdity of using TA on which to base buying and selling decisions in these types of stocks. This type of thing doesn't happen with stocks like MSFT and INTC because the market is incredibly liquid. Why go to the plate with two strikes against you?