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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?


To: raefon who wrote (1560)5/29/1998 11:24:00 PM
From: Noblesse Oblige  Read Replies (2) | Respond to of 3247
 
Hi Raefon....

Are you meaning to imply in your last post that while you are away and on vacation, one of your clients chose to sell *size* at the end of the trading day in a thin, rapidly declining market?

Good grief, man. I thought that the time spent in your company would have educated *all* of your clients to the benefit of acting rationally.

But, perhaps that is to be expected from the relatively inexperienced. I often wonder what it would be like to be trading in small pieces of stock, 10,000 or 20,000 shares at a clip, when if you decide to sell all you have to do is hit a few bids.

Voila'!! You're out. No accountability. No problem. A piece of cake. And, you have the privilege of changing your mind without undue problems, and because you are trading peanut size you can get back in, too.

Of course, this has nothing to do with the reality of managing sizeable money, when the times to buy or sell shares aren't typically a matter of your choice, but are a matter of when the market makes it possible. Matter of fact, now that I think of it, when *you* have the big picture in mind (and responsibility to other clients and people), maintaining client relationships that act contra to your own objectives is nonsensical and dangerous. Perhaps you should give that notion some immediate thought.

Have a good evening.