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Re: small-town-kid post# 4320

Tuesday, 02/21/2012 12:37:40 PM

Tuesday, February 21, 2012 12:37:40 PM

Post# of 7005
well, the rule is, or should be, "buy low, sell high", right ?
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and since the MMs are not stupid, that's their motto
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so you can infer, if it's being knocked down by the MMs, then they want to buy, or even accumulate. or at least buy or accumulate to benefit "the 1%" . their most favored clients .
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and you can also infer, if it's being pumped up by the MMs, then they want to sell, or even liquidate. or at least sell or liquidate to benefit "the 1%" . still their most favored clients .
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years ago, too many to count, i watched Moore, a paper company ( now gone ) get knocked down from $12. to $2.50 at the lowest. ( i had bought 1000 shares at $12, originally ) i was a bit inexperienced, but i managed to buy some at $8, and $4 as it was going down. a friend called me one day, and he really said this, "if you liked MOORE at $12., you'll love it at $2.50 !! " and then he laughed. i managed to buy just another 100 shares at $2.50, a rather significant mistake.
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i sold well over 1,200 shares at $19.00 some months after. THE MISTAKE WAS NOT BUYING MORE MOORE AT $2.50. a true story.
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BE WARNED, this MOORE story played out over 2 - 3 years, at least. the ride is never easy. and usually not short either !
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i learned that those who want to buy or accumulate a stock, have the absolute power to knock it way way down before letting it rise. this is a central and eternal truth of this game
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read the life story of Jesse Livermore, " Reminiscences of a Stock Operator" . he got the game, and he was a natural at it .
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http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
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snowiegeorgie
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