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Re: valuemunger post# 99274

Tuesday, 07/07/2009 9:24:13 AM

Tuesday, July 07, 2009 9:24:13 AM

Post# of 137480
i agree and disagree...

the market is corrupt.. in a perfect world your strategy would work perfectly...

but this world is far from perfect. I've seen MMs drop a stock faster than you can blink to trigger stop losses and then just as fast as they brought it down, they bring it right back up... i've had it done to me before... the stock was trading at something like $20/share... i put a stop loss in for $15 and went out to lunch.. i come back to find thta within 5 minutes the dropped it down to $15 on the penny and as soon as my stop loss was triggered it went right back up to $20..

if this hadnt happened i would think that 'myth' was all BS... i know otherwise

Buy High... Sell Low... Thats my motto!
Proud follower of Wealth University.... Turning things around!

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