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LCLiving

04/04/07 8:37 PM

#9273 RE: dallavise #9272

I said that I think a group play is good but not announced to the enemy beforehand. I'm done for the night, see you guys tomorrow.
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Shamantiks

04/04/07 9:09 PM

#9274 RE: dallavise #9272

Exactly, the "enemy", the MM's, work VERY closely together. If you watch the level II's on occasion like I do, you know that they sometimes move independently, but sometimes as a group. I have seem 5 or 6 MMs all drop their ask AND bid at within 1 second. They're not just "watching each other", they are communicating and moving in formation much of the time. This is one of the reasons they almost always "win".

So forget the selling in the morning! If you are considering GROWING or starting a position tomorrow, or monday - use a portion of those funds during "Group time", the final hour - moreso the last half hour.

Then buy the rest on Monday... and Tuesday... until someone gets 100% of the float and can contact the SEC. I think that's the only evidence they accept in naked shorting situations anyway.

Let me explain and adjust to your feedback - the reason for selling in the morning was originally twofold:

1) To increase your buying power end of day
2) To show double volume with your dollars. If u hold those shares tomorrow, they could for nothing on volume.

Since XTMS has been channeling for quite a number of days, it seems it will channel tomorrow between .0019-.0023, and is not particularly risky to flip. Of course it could make a move either way at any time.

It's the buying timing that's most important. If everyone just took 20% of what they intended to buy over the next 2 days and concentrated it - it would act more like a laser beam, and less like a night light.