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Thursday, October 15, 2009 2:35:18 PM
Note the movement, for example, of SPNG before its massive run. MM's did multiple shake downs to take out stop-loss orders (very easy in pinkie land) and scoop up cheap shares.
About a week later, SPNG had its massive run. So, those MMs who has loaded up on cheap shares as a result of the stop-loss orders during the shakedown were now able to sell those same shares at 5x, 10x, 15x for a profit.
They make unbelievable gains by utilizing this type of trading, becuase often they are able to shake so many out. If you can learn to identify this type of action, often you can hold out when others would normally capitulate.
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