Replies to post #3240 on World Surveillance Group Inc (fka WSGI)

[Ragnar Danneskjold]

lowtrade: I see that you give a lot of significance to the trade size being executed. While this was a very significant piece of information in years past (Jesse Livermore used it extensively), it's my understanding that now it's less reliable of an indictator as to who's doing the trading and where they're going. A hedge fund trader friend of mine says that most trading firms are using order execution software that breaks up large blocks into varying sized blocks automatically so as to "not tip their hand" regarding large trades.

Comments?

[gbreez]

lowtrade, yes, they are back, just as you said they would be.
Fascinating, if nasty for us home folks. No frenzy selling, it would seem, just careful walk downs, controlled and seemingly deliberate. Besides the 1 to 5k trades, there are those really big ones, like the 32,300 share trade at 3.00. Unfortunately, I was not able to get out at 3.26-3.30, thanks to moving my ask price around too much; won't make that mistake again. Will set the sell price and stick to it, next time. But, will be unable to buy at the bottom of the channel, whereever it is, this time.