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The rule they changed with the Hunts, and they weren't the first or
last, was that you couldn't exercise your future and get delivery.
Therefor all you could do is sell it back. Didn't mean to nit pick, but
this is not a new tactic. How about increasing margin requirements to
force liquidation? That has been done a number of times also. Ira
Dick Webb wrote:
> Hi Rt er's
>
> I would like to point out that the high in the NDX 100
> is similar to the hunt silver run. It was driven by
> the public who decided that buying silver was more
> important than going to work....They stood in lines
> outside of coin dealers. Now they became day traders.
>
> But once again they changed the rules. With the Hunt
> brothers the end was near when they said you could
> only sell and not buy. What they did here was about
> the same. At some on line brokers you have to buy over
> the phone and no on line orders are accepted for some
> stocks...check out jack white for example.
>
> To get through on the phone can take 20-30 minutes,
> which is ineffective for a day trader.
>
> When they change the rules the move is often over.
>
> ===
> Big Lucky Dick
>
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