Value Microcaps Motherboard

[tr8dervic]

Not Sperandeo. My name is Vic and I thought the handle sounded cool. In reality I'm more like Investor/sometimes trader Vic.

R. Ney came to the floor one time and asked us how to tell the difference between buys and sells...He was politely informed that every trade is equally both.

His stories of specialists getting together every morning to plot how to "dupe the public" and then laugh about it afterwards in the limo ride home made for good storytelling but couldn't be further from the truth.

Specialists are just like you and me...they sweat bullets on all of their big trades and hope the DD was right on. There is a Chinese wall that separates them from the trading and research desk so no advantage there.

The big edge they enjoy is seeing the order book and being able to short at will to "accomodate" a public order.

It is hyper trading and very stressful. I retired at the old age of 53.

Vic