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That makes sense Rick and Chris. Thanks for
pointing me in the right direction.
Harley
Harley,
Perhaps this trader is using AMAT to hedge himself
against ANY movement in
the
price of the stock...he may be using 2 accts to
trade and is essentially
flat,
but in fact at the same time, he has a position
(for tax reasons) in each
acct
(hedge funds do this frequently)...also look to
options activity...he can
be
using the stock to cover options trades, which are
much more leveraged.
Chris
Rick Mortellra wrote:
>
> Footprints of options activity. Probably a market maker offsetting large
> call volume.
>
> cheers,
> Rick
>
> -----Original Message-----
> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: joe6964@xxxxxxxx <joe6964@xxxxxxxx>
> Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>; Metastock
> list <metastock-list@xxxxxxxxxxxxx>
> Date: Tuesday, August 18, 1998 6:08 AM
> Subject: Re: puzzled
>
> >After your post I am thinking that this person has two accounts and
> >might be pulling the trade out from one account to another account.
> >But why? Are they just going flat?
> >
> >What ever it doesn't make sense to me.
> >
> >Harley
> >Joe Frabosilio wrote:
> >>
> >> Hi Harley,
> >>
> >> AMAT is the only stock that I trade. I took a loss at the beginning of
> the
> >> month so I'm working on some others, until my 30 days are up. I know
> what
> >> you mean about this one trader, a couple of months ago there was this
> trader
> >> that was trading 100k shares with AMAT. He was all over the place, about
> >> 4-8 trades a day. It might be the same one. I have no idea what this
> >> trader is/was doing. On the declines I think he is filled going short,
> with
> >> the up swing ?????
> >>
> >> Just keep your finger on the trigger, this guy does put a lot of
> confusion
> >> into the stock.
> >>
> >> Joe Frabosilio
> >> Harley Meyer wrote:
> >>
> >> > What I have noticed is that when the price is about to decline or
> >> > advance intraday there will be a large block trade outside the current
> >> > bid and ask and in the opposite direction of the move. So if the price
> >> > was going to go up there would be a large block transaction below the
> >> > current bid. Usually about an 1/8th below the bid. Some times their
> >> > might be more than one large block but usually just one. Some times if
> >> > the advance has been strong then when the price was starting to stall
> >> > slightly. A large block would trade about 1/8th below the bid and the
> >> > advance would quickly continue.
> >> >
> >> > The size of the block for the most part has been the same (25,000
> shares
> >> > if my memory serves correct.)
> >> >
> >> > Completely clue less,
> >> >
> >> > Harley
> >
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