posted
I know everyone is looking forward to Feb. 20th with great anticipation. The thing is, I don't think we are going to see a big change. MM's are a pain in the azz, but they do serve a purpose. Without some sort of control there would be chaos. So don't look for the mighty hand of the SEC to come crashing down on our sworn enemies and finally free up that lemon you (and I) have had uglying up the portfolio for the past 3 or 4 months. In my studies of the Stock Market's history, whenever things have been very very good for a period of time, there seems to be a follow up tendency to GO VERY VERY BAD quickly. Don't forget. For every action there is a reaction. I'm not the great and knowing OZ, many important people in the stock world are aware of this. The biggest change I feel we will see, as mentioned by Uncle Milty on another post, is larger price swings. Higher highs and lower lows. Some will gain more, and unfortunately, some will lose more. Play smart people, get your initial investment out as soon as possible and play for free. My biggest concern is whether traders become "gunshy" and things stop running up on "News". We'll just have to wait and see. Myself, I am researching stocks that have had very little volume yet appear to be solid businesses. To take it further, companies that at first saw tremendous volume yet did not go up in value, and are now appearing to be dead in the water on no volume. These will be the first out of the gate I feel. This is just one Dog's opinion. Good Luck out there and keep your eyes open.
posted
Guess my opinion didn't go over very well. Just don't go gettin' caught up in the upswings people. Remember you read it here. Bigger Gainers and Bigger Losers. Don't be a P.T. Barnum case. I prefer to be with the "Bigger Gainers". Profit is Profit. Good Luck.
posted
DOG...we all value your opinion...what is there to respond to that
we will have to wait and see...personally, research and not emotion has to be the best policy
since you are checking this thread and i can't get many opinions, what's your thoughts on ADVK?
my research and small knowledge of the music business tells me Itsfun.com could be HUGE over the next six months to a year and this stock has a great entry point right now
there is a thread out there that i started but check out the company and site and tell me what you think
posted
I was looking for anyones thoughts other than "Finally gonna see Great things" and the MM's will be crushed. I like your stock. I've had my eye on it also. I really think that some should follow my train of thought on no to low volume stocks this week and do some DD to be prepared. Just a hunch, but................
quote:Originally posted by dardadog: I know everyone is looking forward to Feb. 20th with great anticipation. The thing is, I don't think we are going to see a big change. MM's are a pain in the azz, but they do serve a purpose. Without some sort of control there would be chaos. So don't look for the mighty hand of the SEC to come crashing down on our sworn enemies and finally free up that lemon you (and I) have had uglying up the portfolio for the past 3 or 4 months. In my studies of the Stock Market's history, whenever things have been very very good for a period of time, there seems to be a follow up tendency to GO VERY VERY BAD quickly. Don't forget. For every action there is a reaction. I'm not the great and knowing OZ, many important people in the stock world are aware of this. The biggest change I feel we will see, as mentioned by Uncle Milty on another post, is larger price swings. Higher highs and lower lows. Some will gain more, and unfortunately, some will lose more. Play smart people, get your initial investment out as soon as possible and play for free. My biggest concern is whether traders become "gunshy" and things stop running up on "News". We'll just have to wait and see. Myself, I am researching stocks that have had very little volume yet appear to be solid businesses. To take it further, companies that at first saw tremendous volume yet did not go up in value, and are now appearing to be dead in the water on no volume. These will be the first out of the gate I feel. This is just one Dog's opinion. Good Luck out there and keep your eyes open.
This is heading in the right direction in my opinion. People have a tendancy to overeact to news like this. You can compare it to Y2K or terrorist attacks - essentially it is all the same. Think about it this way - most of the people making investments have never before in their life of the mysterious market makers who can control every stock with a click of a button.
The reason for this is that stocks have and always will follow a simple rule of supply and demand. No one person can truly set the price as they see fit - they are still driven by competition to buy and sell and by the demand for a security (or the lack of it).
In effect, I truly think that the only real effect we will be seeing from 02-20 is purely psychological. People will invest in low priced stocks with a high float simply because they think it will go up. In turn, the demand for that stock will increase, and the price will go up.
This is just the way that I see things, and I encourage you to post your feelings on this.
Ryan
[This message has been edited by cdrj1 (edited February 16, 2004).]
Posts: 85 | From: Orlando, Fl, US | Registered: Jan 2004
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posted
On feb 20th I might be looking from the sidelines. Market makers are intelligent, greedy folks. I have no crystal ball to tell me what is going to happen on the 20th, however, I believe I will need to rethink my trading ways till we figure out how they work.
I don’t want to go through what I went through in March of 2000. I keep a few worthless stocks in my portfolio from that time as a reminder of what can happen. They are red and the percent gain/loss is -99.9%
Tony
Posts: 210 | From: New York | Registered: Oct 2003
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quote:Originally posted by cdrj1: People have a tendancy to overeact to news like this. You can compare it to Y2K or terrorist attacks - essentially it is all the same.
I cant beleive you are even using Y2K in the same sentece as the terrorist attacks. What is even more unbelieveable is how you can use that as an example of news people over reacted to. I guess its easy to say that when you are from florida.
Posts: 423 | From: Westchester County, NY | Registered: Jan 2004
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quote:Originally posted by TimN88: I cant beleive you are even using Y2K in the same sentence as the terrorist attacks. What is even more unbelieveable is how you can use that as an example of news people over reacted to. I guess its easy to say that when you are from florida.
Tim, I did not mean any disrespect to those who died or anything along those lines. As a matter of a fact as I was writing it I felt that it might be interpreted the wrong way if I wasn't careful. I meant to compare it to some of the more frivolous effects - such as the unneeded antrax scare (perhaps one in a billion - and I mean that literally, actually receieved such a letter).
Further, the invasion of Iraq who did not even have any weapons - it just seems like a bit of an overeaction.
More examples which would perhaps be more appropriate would be the SARS scare (a handful of people were actually affected by the disease, however an entire country paniced). Also, look at the lawsuits by the RIAA - a handful of people were affected and people all across the country begin to panic.
Perhaps it was not the best thing I could have compared this to in order to get my point across, it was just the first thing to come to mind.
ANYWAY, back to stocks...
Ryan
[This message has been edited by cdrj1 (edited February 16, 2004).]
Posts: 85 | From: Orlando, Fl, US | Registered: Jan 2004
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posted
The 20th is also a triple-witching. I hate trading on the third Friday... actually the whole week can sometimes bite the big one. I'm thinking I'll just hang out on Friday and see what shakes out. But then pennies are new to me and maybe life is different over here than with the nyse and QQQ stocks.
Dawg, are you picking up some the bottom-crawlers or just watching them for movement?
posted
Here is a thought, companies that have a long history with the MM's firmly entrenced will probably be a lot less volatile-stocks that gather huge volume-MM's will have to let them run a little more, and buy more for themselves at as low a price as they can get. Perhaps one technique will to be to have the same MM on bid and ask-this will enable them to stairstep a hot stock upward and downward without too much shortselling. Then again I could just be blowing a whole lot of smoke up the dark stinky chimney.
Posts: 123 | From: anchorage, ak. usa | Registered: Jan 2004
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posted
The MM's are being forced to act like the MMs on the floor at the NYSE--that's about it--the good is that the company's that deserve to be getting out of the cellar will-(IHOPE)--now that the MM's have to deliver in three days.--The "trading stocks" will probly not look much different other than the MM's will either --A)-buy and sell with us as we react to news--like the NYSE--or B)they will make things even more volatile to replace securities sold- not yet bought even faster--i vote for the NYSE model---the market will be more FREE to respond to us customers and the MM's will be playing with us instead of against us---Remember it is up to YOUR BROKER to report non-delivery of stocks within the three day time frame--you probably will never even notice any change at all--except that a few GOOD companies will emerge and move to the next level---------LOOK FOR BLACK INK -I AM------
Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Dog Im pretty worried about all of this anychange(this big) can kill or make the market I believe I will pull half of my money out and sit on the side lines(leaving high vol stocks that have been dorment in) just in case. I might regret it but this is my job now and a ski slope may destroy my earnings. ( I keep 100k invested and pull out at the end of month back down to 100k and live on and invest in CDs with the remainder. Is there anysigns this may be a mistake.
Posts: 361 | Registered: Jan 2004
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