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> Welcome to the phenomenon known as "gunning the stops".
> Every trader on the floor knew where your stop was. In the
> pit it only takes one seller to offer a one lot into the
> obvious stop areas to generate a flurry of bids from resting
> stop orders designed to protect short positions.
In the S&P pit????? I find that hard to believe. I'd guess that there
were a few traders on the floor at that instant who didn't even notice
the one-lot being offered. I'd further suspect that one-lot offers both
preceded and followed Troy's stop order during the day without that same
effect taking place. In fact, thinking about it, I can guarantee it.
I'd go along with this in some of the slower or thinner pits, but the
S&P?
Of course, IANAFT (I Am Not A Floor Trader), so I'm sure one of you nice
folks in that occupation will come forth to rightfully label me full of
crap if I am...
Sticks
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Troutman, Defender of Sticks troutman@xxxxxxxxxxxxxxxxxxx
(aka) http://www.defendercapital.com/
Jonathan Matte, President No banner ads, no cookies,
Defender Capital Management, Inc. no sekrit sniffers!
Introducing Broker, Commodity Trading Advisor
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