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


To: kathyh who wrote (6699)2/23/1999 12:43:00 PM
From: Wayne Rumball  Respond to of 11130
 
shakedown, MM's drop bid/ask to make you blink and sell



To: kathyh who wrote (6699)2/23/1999 12:50:00 PM
From: Tom Allinder  Read Replies (2) | Respond to of 11130
 
Shakeouts happen a lot on the BBs. Also happens on NASDAQ. MMs may short the stock or run low on inventory. Then lower bid/ask on buying or downtick the stock on each sell to scare you out. If shakeouts are unsuccessful, then the stock will go higher... usually. Agree/disagree?

Tom