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Shark Attack

04/08/14 11:44 AM

#6479 RE: Hercules1 #6471

The Prs are not until the big boys are done accumulating.
There is a book I was fortunate enough to read and excerpt from and it reminds me of how I accumulate and exit a trade.....
Its called Richard-wuckoff-stock-trading-methods.
Basically the large buyers push the stock lower to get in and then on huge volume high days shake out then short it back down, but they do it descreatly, of course I do not short, but when I buy Id rather buy in many lots and not show my hand it might take me two months to build one of my positions when I sell its the same thing a week or two of selling, this way the trade is intact.
I don't normally like to say how I do things but its a good learning experiance for everyone on board, because I do infact learn from my peers as well.