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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Mike S. who wrote (12660)	4/15/1999 10:10:00 PM
From: global	Read Replies (1) \| Respond to of 56537

I have a couple of theories. The market maker to watch is FAHN. He or she has held the stock down without a doubt. FAHN is playing the stock like a fisherman with a big fish on the reel...play some out...pull...reel in...play some out...pulllll...reel somemore in. The buyer is buying steadily...not like daytraders do...thus, the MMs have the luxury of playing it out...and then, actually lower the ASK ON BUYING...i've seen FAHN do that now several days in a row...this causes those who are buying for speculation to dump the stock they just bought and sell it back to the MMs at lower prices...then...later they sell it to the real buyers for more. Also, the longer the stock stayed closed below 5, the longer it would not be margineable...thus limiting its popularity to some degree, ensuring that the major buyer/s could accumulate more at prices they must think is bargain basement. So, the stock is making an orderly rise on steady buying, but speculators/daytraders get shaken off the line, because in bb:otc stocks, they can't buy on bid/sell on ask...they MUST get it thru the MM...who play the tune. Message? FAHN is pro. Buy for longer terms, or think twice about the wisdom of buying for just a daily flip. I think there may be big things in store for this name...diclosure:I'm long...VERY