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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (174)	10/18/1998 2:43:00 PM
From: JEB	Read Replies (1) \| Respond to of 10695

Before last week, I would have said trade fast but EK taught me a lesson. You cannot channel trade that stock now since even if it breaks support or resistance it can turn the opposite direction quickly and trap you. It is -IMO- being manipulated to allow the funds to dump large blocks. After I gave up on trading it, I watched the trading pattern and noticed large blocks going off at ask and a bid size 1/3 the size of the ask. The dead give away was that all other trades (I kid you not!) at that time were trading in 100 share lots. No 200, 500, or even 1000 share lots. That should have put up a red flag but I was not paying attention earlier. My mistake. All breakouts and breakdowns were accomplished with almost all 100 share lot trades. Fortunately, I traded smaller than normal lots and was able to walk away with only a small loss and an education. (P.S. - Sorry it took me so long to respond but I have been nursing a cold the past few days and I've been kind of out of it till today.) Thanks, JEB