GREY:CLGRF - Post by User
Post by
Goldfingerron Dec 06, 2003 2:11am
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Post# 6748298
RE: who's the gomer selling ... sheesh
RE: who's the gomer selling ... sheeshIt's called running the stops. Traders set automatic sell prices to protect profits or cut loses. Savy traders get information about stop loss set points from insiders. They then apply downward pressure and wait for the cascading effect when the stop loss programs start dumping stock. After it starts they just wait for it to run its course and then buy at fire sale prices. Gomer prolley didn't even know he was selling.