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Re: MikeDDKing post# 188

Saturday, 07/22/2006 10:40:19 AM

Saturday, July 22, 2006 10:40:19 AM

Post# of 358
Banks trade sometimes very strange.. Take a look at FRGB chart and the same for IBCA.. Sometimes it looks as though someone is trying to buy a large amount but break the biggest rule in buying small banks.. never pay the offer.. If you do you will pay for every share on an uptic.. as most that own these stocks never care about thier prices on a day to day basis they rarely see `that they are up.. aso keep your orders GTC.. about half my trades are made before 9:35 and then the real bids come in...

Another thing I have noticed in the last few days,, No position has gone up on earnings.. I have used this occasion to sell any position where earnings were not up at least 25%.. Just tightening my belt a little so the positions will become larger in each stock.. SAVB disappointed me but the bid was $37.05 and I offered the whole position at $37.00 and it traded at $37.06.. on over 4500 shares..The next day no trades were done in SAVB as the Volume was 0.... hank




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