That is no theory. It happens every day even now. Never put in a trade at the "market" in the first half hour of the day. The specialists will see it and do exactly what you said.
----- Original Message ----- From: "Michael Madigan" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Friday, May 07, 2010 1:39 PM Subject: Re: [OT] Wall Street Meltown > Back in the old days when each NYSE stock had a specialist that made the > market, there was a financial guru, Richard Ney (A former actor) whose > whole schtick was to rail against the specialist. > > At one time I was thinking about being a stock broker, but got blown out > on Black Monday 1987 and never bought another stock again. > > http://en.wikipedia.org/wiki/Richard_Ney > > Anyway, his theory was that if you put in stop losses, the specialist > would see that, move the market lower, buy up all the stops and then send > them back up. > > It's a dirty, dirty business. > >. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/5a57fbef36be410cbe32fbaacd641...@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
