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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (10372)1/10/1998 4:27:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79491
 
Doug,

CS himself couldn't drive me out of my short position on OXHP.
Guess you saw the anomaly I think I've found to your exit parameters.
My limited experience with post-signal days, now both on the way up and the way down, is that they're extremely trying on the nerves and full of slimy little MM/specialist tricks like intrday walkdowns/ups and low closes. The very fact that a stock is in this predicament to begin with indicates to me that the MMs or specialists are convinced they have you by the sphericals and will do whatever necessary to shake you out or bid you welcome, if that's what's needed to endow their creepy coffers. Every day of its run-up, SGI's bid/ask widened a good two or three percent near the close, and while it was going up, you could see them pushing the bid, and vice-versa with the slope downward. The OXHP MMs have done everything but send me a free ticket to heaven if I would just give up my shares and go long. (I think CS is an OXHP MM.)

Ivan