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Lenard

01/30/13 1:51 AM

#31144 RE: StockScout1 #31142

StockScout Is this like what I heard as "Boxing" he holds a position that is what could be called long at .0084 and some of us will see it as a wall. But this trader holds it while trying to short at that price when possible constantly looking for shares to short. Then obviously wanting to cover as low as possible or as he presets at .006 and if I want to buy lows but want him out, I bid higher to squeeze him. But he has his insurance at .0084 with his other position that can be the end of the squeeze, using those to cover if necessary. Basically exploiting the spread. If he covers at .006 and say the buyers takeover he is able to use the other position at .0084 as a true long as price rises. I don't know but he would seem to be boxing in buyers and sellers within his controlled spread.