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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (4596)	1/2/1999 2:48:00 PM
From: Junkyardawg	Respond to of 90042

Glenn: Thanks. One thing on my mind. Have you ever heard of this scenario? Say you want to buy 10,000 shares of ABC stock. You want to see how the market is. So you short 1500 shares then short a few more to see how the market reacts to your shorts before you buy. I thought this was the most amazing thing. A man ran into a brokers office. This broker had told him that if he could give him a good tip on a stock he would buy him shares of that stock. Well the man came in one day and said... I got this stock that is about to go. So and so is buying up all of this stock he can. I have this from a reliable source. Get all of this stock you can. Well the broker listened to the man and just looked at him. The man shouted "did you hear me? This stock is about to go through the roof". The broker replied. Yes I heard you. The broker told his runner to go short 1500 shares of the stock at each 3/8 point. Well the man that give the broker the tip went nuts. HAY DID YOU HEAR ME!!!! the man shouted. Yes the broker replied. I want to see how the market takes the shorts before I buy. You get the gist of the story. I found it a great read. Here I go again getting long-winded. dawg