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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Jim Spitz who wrote (5382)2/10/1999 4:11:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 11130
 
Geez, a tough day. Past few days I've been trying to get out a few few things that went up and stalled. WINE for instance. Monday they took 500 shares and dropped the bid. Tuesday same thing.

Today it looked like moron day on the thing. Someone must have put in a market order to sell and got filled 500 at 4, 500 at 3.50, 500 at 3.00, 500 at 2.50, 500 at 2.00.

Then someone, that can only be someone in the company, comes along with what looked like a market order to sell 21K. 500 at 3, 500 at 2.50, 5000 at 2 and 15,000 at 1.50. Mr moron was lucky the MM's took pity on him at 1.50.