Amos joined. Jerry Good evening all, Amos ::smile Steve_W joined. Amos Hi Jerry How's the trip to Israel? Amos the trip to Israel usually involve 40 years in the desert Jerry I thought that was your trip...LOL Amos It is my Chatauqua Jerry $0 years of sun...what a sunburn that is. JimC joined. Jerry Well glad your back. DaveM joined. biwi joined. biwi hi everyone Amos waiting for Godot Fullet soilguy Hi biwi Amos and all biwi hi Amos biwi SG DaveM hey bi biwi Davem DaveM gary is gonna be late...baseball soilguy Gary doing the ballpractice? Doc_K hello all Amos Ahhh Amos Ok then I start. biwi well will come in fashionably late Jerry A nice resort with a yachat club. biwi Hi Jerry biwi people biwi lol Jerry Hey biwa ::smile Amos This is going to be a little confusing--it may take more than one session-- but it is another one of those SOUL SEARCHING of a trader that I GO THRU-- and I share it with you Amos I hope it is not too confusing and not to repetitive--but you will NOT find this stuff in books out there-- and it is all Pure experience DaveM cool Amos It may be tainted with MY SOUL and my IMPEDIMENTS-- but that is true about EVERY TRADER Amos I just hope you can glean SOME of it and find it useful Tom. joined. handles joined. Amos I will try to tackle line by line-- even tho some themes will Repeat themselves-- from a slightly different point of view. Janice joined. biwi just started Amos left. Amos joined. Amos Fine (ominous?!) start Amos Am I here? soilguy y biwi yes Peter joined. Jerry You cleared the decks Amos. Amos Got disconnected after the FIRST line--- sign from G-d michal joined. Amos The truth of the matter is that as MUCh as you want to be an umbiased trader--- you cannot escape your NEEDS Amos It does not matter how professional and how disciplined you are--you look at the market with Popper Pink glasses Amos I hope you know the whole theory of Popper that said that NO SCIENTIFIC STUDY can be really OBJECTIVE because the MOMENT you introduce the SCIENTIST, The EXPERIMENTER, THE OBSERVER-- you are already TAINTING THE DATA Amos Give you an example. Amos You look at the stock market today and you ask yourself a simple question: Where is the best REWARD?! Amos Being long or short? Kelley joined. Amos Well this is a makret that has been going up for some 20-30 years, depending where you start counting (I give this example in the next line of my synopsis) Amos I, of course as a long time trader KNOW that a big correction of many years is COMING. Amos So I am "seeing" 5000 points correction in the Dow vs. unknown but most probably SMALLER ascent first. Amos My mind is LOOKING, perhaps UNFORTUNATELY, for signs ory joined. Amos Remember what JL said about seeing a POT OF GOLD at the end of the road-- but LACKING THE PATIENCE to WAIT FOR IT TO BE REACHED (like a Miraje in the desert that keeps moving further away) Amos I told you that I am watchin that site "ADR" that shows the world markets-- and the bubble is still going on Amos Israe burse, for example is one of the strongest markets (The SHEKEL is the STRONGEST CURRENCY in the world at the moment, relatively speaking) Amos So the market is going up. Jerry 7800 thats scary... Amos Now look at ONE STOCK of that Burse called LIFEWAVE Amos symbol is LIFE Amos It is "run" by a person named AVIV BUSHINSKY. Jerry Lost Amos again. biwi think so skylar joined. handles lets not interrupt......lol joel LOL joel rotflmao handles go on amos handles pls handles lol biwi lol handles so the nasdaq will be at 250....ok gotcha Amos left. Amos joined. Amos Why do I get disconnected? am I here? warren y Jerry You need a new 'puter Amos...LOL skylar yes amos Amos OK chris joined. Bob you need a lifewave to reconnect Amos well , this 1 BIL COMPANY has not SOLD ONE CENT WORTH OF PRODUCT! handles lol biwi nice handles nice biwi weldone Amos That is the MULTIPLIER OF THIS COMPANY which is defined as Capital divided by EARNING is $X divided by ZERO! Amos If the price of the share was 1 dollar then since the denominator is ZERO the multiplier is INFINITY Amos Now how many infinities is 1 BILLION divided by ZERO? Janice 1B? ory I couldnt find it on bigcharts Jerry ! B. Peter only 1 infinity Amos Well this stock closed Tuesday at 9000 (NIS) joel LOL ory Amos It opened today at 8000, declined to 4000 and closed around 4900. handles needs a nasdaq listing now amos....so we can get it to 6 billion nothings!!! ory TY Joel Amos That means that stock lose half a billion of EQUITY in ONE DAY. Jerry Nissin Co Ltd. biwi bad day work Jerry Closed todat $5.49 Amos I do not know that such an anecdote, curiose, oddity is a belwether and it really tells a true stroy of a market--but in the back of my mind, in my subconscious--it is a story like ENRON or WORLDCOM and such handles wrong exchange jerry Amos It is AFFECTING ME! as a trader who is LOOKING FOR SUCH SIGNS Amos I am NOT TELLING YOU that this is a WAY TO TRADE MARKETS Amos What I am trying to say is that such THINGS AFFECT A TRADER and THERE IS NOTHING YOU CAN DO ABOUT IT Amos You MUST learn to accept the fact that YOUR MIND WILL BE AFFECTED BY CERTAIN THINGS-- and in the long run-- if you are good-- they will MOSTLY HELP YOU in trading and in some corners of the market -- WILL TAINT YOUR OBSERVATIOIN Amos Another example is written in the next line of the synopsis: Amos You know that I count lines// in other words I compare RALLILES AND REACTIONS based on number of days (weeks, months, years) they spend in each move Bob left. Amos I find it important. I gleaned it from Linda, and I am using mostly fibonacci counting for frame of reference Amos Notice that the stock market spent 34 years rallying from the LOW of 1932 (40.5) Amos To 1001 in 1966. Amos You must look at the 100 year Dow chart in order to "see" the picture Amos The next important low was 570 in 1974 after the OPEC OIL embargo of 1973 Amos If you add 34 years to that-- you get 2008. Amos Will the market follow this? Amos I have not idea Amos But it is something that is IN MY MIND as a trader-- and I AM LOOKING FOR SIGNS for DISTRIBUTION Amos add to this the centenial to the 1907 crash-- and who knows Amos What is important is that SUCH THINGS TAINT MY MIND Amos If I now combine the fact that I think that many stocks are showing signs of difficulty of climing ( i.e. many stock such a googl, Ibm, FDX...) Amos Are making NOT HIGHER HIGHS in this March/April Rally Amos --and you get a BIASED TRADER!! Amos I have to accept this Amos This kind of VIEW-- IMPEDES A TRADER! Amos I find it VERY DIFFICULT TO TRADE STOCKS FROM THE LONG SIDE--because I am weary, or LEERY of the potential large decline Amos This is a problem Amos You must learn to ACCEPT the fact that once in a while-- you will be biased towards the market and the MARKET KNOWS THIS Amos I will come back to this again Amos I say what is TA? swetz joined. Amos We spend our days and nights looking at BARS. skylar technical analyis? Amos We assign great significance to the HIGH LOW and CLOSE of those bars Amos I spend time expalining the GREAT AMOUNT OF KNOWLEDGE that is imbedded in those lines. Amos I even explain that they obey the basic law of SUPPLY AND DEMAND and the HIGH AND THE LOW are FILTERED, SIFTE THRU points from an infinite points on that line Amos but-- in the FINAL RESULT-- those lines are BEING PAINTED BY THE MARKET. Amos In other words-- if you wanted to manipulate the public about your intentions-- and you knew that a LARGE ENOUGH segment of the market KNOWS THE SIGNIFICANCE and MEANING of those "LINES"-- you could FOOL THEM by creating FALSE HIGHS AND LOWS, or FLASE KEY REVERSALS or whatever shape you want them to Amos Oops, I get a line that says Amos FP73. Your message was truncated for being longer than allowed by the administrator. Larry joined. Amos I did not know that there is a limit to length of lines Amos at any rate the last part of last sentence is: Amos you could FOOL THEM by creating FALSE HIGHS AND LOWS, or FLASE KEY REVERSALS or whatever shape you want them to believe in. Amos I find that the market is becoming smarter about those lines than before. Amos Perhaps this is only MY IMAGINATION and it only reflects my WRONG BIAs About the market-- but I am talking about this aloud-- because it is IMPORTANT TO MY PROFITABILITY Amos I am getting a strong hunch that the markets today are a little more sophisticated about the fact that more and more traders PAY ATTENTION to highs and lows of bars and the number of FALSE SIGNALS is INCREASING Amos It may have to do with the proliferation of COMPUTERS and e-Signals at the hands of so many traders--- Amos But I am getting to the point that it becomes PART of my trading routine-- TO LOOK for false highs and lows Amos You MUST understand that what I am saying here is PART OF MY TRADING ROUTINE-- I told you that I AM USING this group , at times, as a SOUNDING BOARD handles how do u know they are false? Amos At times, I find it HELPFUL to AIR my thinking-- because it FORCES YOU TO BE BRUTALLY HONEST WITH YOURSELF Amos A trader that DOES NOT face up to his/her WEAKNESSES-- is boung to get BEATEN UP BADLY BY THE MARKET handles how do we know when its a false high or low? handles only after the fact Amos So-- even tho I ONLY trade Technicals-- I am aware that there are MANY PITFALLS and one major one is the ability of the market to MANNIPULATE LINES brad_c joined. Amos handles-- FIRST THINg is BEING AWARE OF THE PROBLEM handles i have known this for years....being a broker and all..... Amos Second==if there was a SIMPLE SOLUTION-- it won't be a solution handles lol handles right ory markets are still controlled by price time and volume Amos The next line in the synopsis says: At any given moment there are 10-20 systmes trading. The Market KNOWS which has most money Amos Now this is a VERY VAGUE and SINISTER STATEMENT Amos I INVENTED the number 10-20. Perhaps more, perhaps less. Amos The important thing to understand is that the MARKET, SMART MONEY, CM.... whatever--- KNOWS WHERE MOST PEOPLE TILT Amos You can believe it or not-- I know it is true ory but all of this always show in the chart? Amos It seems to me that the proliferation of computers and trading platforms is a great part of it Amos IN HINDSIGHT ory, IN HINDSIGHT! ory O.K. Amos ory Ill listen,but you did say you wanted a sounding board Amos I cannot prove it-- but , as I explained in FOREX where trading is Over the COUNTER-- in other words-- you do NOT trade with a CLEARING FIRM ory I just wanted to pass on my Wyckoff knowledege Amos But, instead against a BANK where you MUST CLOSE YOUR POSITION with THAT bank---which implies that the BANK ALWAYS KNOWS WHO IS On the other side! Kiran joined. Amos It is very possible that The people who RUN the electronic platforms-- have rigged them in such a way that the COMPUTER always shows the BROKER-- where IS THE PUBLIC tiltin-- EN MASSE!! at any given moment! Amos ory, I do not mean to cut you off, I answered you to the best of my ability. do NOT get offended Amos What is the point here? swetz that the charts can trick us at times ory I love learning from you Amos Well, I spend much of my time thrying to think-- what is the likelihood that PUBLIC. Stupid money, whatever-- is doing at this stage ory Amos,I am not offended DaveM The cm is trading "into' the chart... Amos Sometimes I hit is very well, and sometime I SUCK! handles left. Amos This is where the next line aims: Amos Many times there are struggles of giants Amos One of the things that seem to me appearing more and more in the market lately is the size of moves carnac left. handles joined. Amos The example I gave earlier about a stupid stock of a company that has not made ONE CENT PROFIT but is trading at 1 billion dollar equity == is an example Amos There is enough money in the world today-- to make it possible for a few giants to "RUN" prices. Amos You may say-- AMOS THIS IS OLD NEWS-- JL is talking about those forces 100 years ago carnac joined. Amos Well, SURPRISE SURPRISE---perhapse , in a very wierd way-- we are making a large turn about and we are REPEATING HISTORY!!! handles its actually frightening right now.....private equity is buying up every piece of shit for huge premiums.....here in canada.....and its all big US $.......gonna get slammed hard soon Amos If lumber can trade at levels of 30 years ago-- why not believe that things that happened many years ago (before the CFTC and regulations and computers...) Amos are appearing again?! Amos Yes handles-- this is precisely why I am talking about this now handles i see it everyday.....this is the year 2000 but much worse Amos It feels that we are in a phase of the market that much of the move-- has LITTLE TO DO with VALUE INVESTMENT, or with TRUE SUPPLY AND DEMAND, but with PURE MANIPULATION Amos Is this the mark of EVERY BUBBLE? perhaps handles yesterday alone 5 public co's were bought for 30-40% premiums and they are old boring low growth co's Amos BUT AS A TRADER-- YOU MUST BE AWARE of it handles yes handles it is Amos When a company can LOSE HALF its worth in one day---something, by the way-- that can NEVER HAPPEN in commodities--for those who think that stocks are less dangerous than commodities Amos --it smacks of too much hooplah that you simply must be careful about. Amos Look at Yahoo. handles year 2000 had many days like that amos handles all the time Amos How do you know that you are not a kernel of wheat grinded between those giants? Amos I DO NOT Amos But when it happens-- I KNOW I AM USELESS and POWERLESS and I MUST SURRENDER and MOVE ASIDE Amos Again the story of Armand Hammer. Amos When he starte to sell silver around 35 dollars an ounce-- he DID NOT CARE ABOUT STOPLOSS Amos Because he was NOT going short silv er! Amos He was LOCKING TO PROFIT! Gary_W joined. Amos He was selling a product he had in his IDAHO VALLEY mines which cost him to produce around $6---at 35 dollars Amos HE LOCKED INTO SURE PROFIT of 29 dollars per ounce and the higher silver went he KEPT SELLING and LOCKING TO MORE AND MORE PROFITS! Amos Of course, when Silver CRASHED-- he made a fortune with those "SHORTS" but first he suffered 15 dollars "PAPER LOSS " on his position. Gary_Fullett joined. Amos This is part of the game that WE, SMALL TRADERS can NEVER PARTICIPATE IN because we DO NOT HAVE THE TOOLS and the ECONOMIC POWERS to do such things Amos BUT IT IS PART OF THE GAME Amos And once in a while-- all what we study about "NORMAL" battle of SUPPLY AND DEMAND-- is simply LOSt and does noto exist when the battle is raging between giants Amos There is so much money in the world today-- that the chances for such Atlas Shruggs-- simpley increase Amos Just look at Bill Gates. Amos His earning last year were ENORMOUS! Amos From what? Amos His holdings in MSFT only LOST MONEY! handles from CN rail DaveM ethanol...he owns PEIX ory and lots of other holdinhs Amos But Bill Gates and his "charity" organization are HUGE INVESTORS-- he made most of his money the way WARREN BUFFET DID-- he TOOK IT FROM THE STOCK MArket Amos The reason I am talking about these things-- is because, in my opinion-- we are at a VERY IMPORTANT CORNER in the market Amos The THIRD WORLD BUBBLE is now RIDICULOUS/ handles largest holding outside of MSFT is CN rail...... Amos Countries whose stock market is in the sky--ARE NOT SUCH BIG PRODUCERS OF WHO KNOWS WHAT Amos I thought of including a list of some of the third worlds countries-=- I keep tab on those and see how many of them are weak, how many very strong, how many at Double top--because It feels VERY MUCh like an end of a bubble Amos but I did not ory Please do Amos Amos Perhaps I will send Gary a list of those one of these days-- but you should ask yourself--- WHO IS PLAYING these markets? handles the US hedgies are handles amos handles bigtime Amos Well--they do NOT tell-- but it is OBVIOUSLY a game of GIANTS. handles and mutual funds of the public Amos Next line in the synopsis says: handles but mostly hedgies like in drobny's book..... Amos THE CURSE OF RISK REWARD PARADIGM Amos Yes handles-- and as "savvy" traders, we MUST keep tabs on those! Jerry Right back to 1900 as you said was JL's experience. A world Bucket Shop... Amos Why is this a curse? Amos Simply because of the curse of IMPATIENCE Amos If I think that the BIGGER REWARD in the STOCK MARKET AT THIS POINT IS DOWN-- I WANT TO BE SHORT ory I agree Amos But if the MARKET WILL STAY AT THESE LEVELS another year (let us say that my stupid "prediction" of 2008 happens to be right)--- I may not BE HERE by 2008-- if I am too impatient Amos The "dream " of the next large reward-- can lure you to do WRONG THINGS! Amos This is, btw, one of the GREAT ADVANTAGES of WYCKOFF ==that forces you to WAIT until the WHOLE PROCESS OF DISTRIBUTION is complete and it recommends strongly that the BEST PLACE TO GO SHORT is at the LPS! Amos Waiting for the LPS is great because it FORCES Y OU TO AVOID going short TOO EARLY! Amos OTOH-- there are VERY FEW CLASSICLA DISTRIBUTION these days/ Amos Another example is some commodities today Amos Ii know you guys like the softs-- coffee, sugar, cotton. Amos You know what is the problem? Amos R/R Amos Becuase you look at those and you must come to the conclusion that the BIGGER REWARD IS ON THE UPSIDE Amos You dream of another run to 15 cents sugar, of 2 dolar coffee and other Geanies Amos THE PHCKING MARKET KNOWS THIS swetz1 joined. Amos and it will stay low UNTIL MOST LONGERS LOSE handles yes.....agree 100000% handles no one comes for the ride with us Amos Remember agiain Richard Dennis who said :" I lost more millions going long sugar at 5 cents than I made going SHORT sugar at 45 handles u guys chase me Amos This is an AWESOME STATMENT Tom. left. Amos Sugar went from 45 to 4 cents Amos How can you lose millions by going long sugar at 5 cents when MAXIMUM you could lose is to 2.37 cents the LOWEST PRICE SUGAR EVER HELD? swetz1 yep, sure is Amos ::smile Amos Well , this is the CURSE OF THE PENNY STOCK phenomenon Amos Dennis made lots of money on the shorts. Was he smart? Amos Perhaps. Perhaps it was luck Amos But when it dropped to 5 cents--this SMART TRADER saw in his MIND's EYE--the huge profit he can make by being LONG sugar for the NEXT RALLY ory absolutely Amos Sugar made an all time high of 66 then of 45 and last year of 20. Amos So what did Dennis do? Amos HE INVESTED! Amos he bought thousands and thosand of OTM sugar option at 7 8 9 cents ory he traded the long term ory the trend to be exact Amos and for more than 3 years ALL EXPIRED WORTHLESS!!! Amos What killed him? Amos THE CURSE OF THE RISK REWARD ory good question Amos It is true that when your RISK is maximum 5 cents (no chance sugar will turn into Onion and sell below 0) Amos then the right thing to do is GO LONG!!! Amos YES-- if you buy something that DOES NOT EXPIRE in 6 mopnths! Amos This is why INSURANCE COMPANIES are so rich because 99% of all insurance policies expire WORTHLESS Amos Next line is part of this manipulation: Amos Market goes until the LAST WEAK HOLDER BAILS OUT Amos For some reason-- and I may be wrong-- this is part of the game that Wyckoff DID NOT EMPHASIZE ory because ?? Amos When the game becomes simply PUNISHMENT Of the WRONG SIDE--Most of our "normal " parameters and terminologies--go by the wayside Amos It DOES NOT HAPPEN very often-- but when One side KNOWS they are winning-- the MARKET NEVER FORGIVES! Amos The worst way to trade is by PRAYING skylar left. Amos But many traders use this method. Amos The MOMENT you hope for the market to do something-- YOU ALREADY LOST! swetz1 so true Amos The market is the most CRUEL GAME IN THE WORLD Amos When it feels that you are weak-- It is like the guy who says: I have ONLY TWO PUNCHES-- the second one is just to torture the corpse! handles like natgas this fall with amarynth...... Amos Learning NOT TO HOPE is VERY DIFFICULT Amos But if you understand that this is part and parcel of the game-- you are ahead of the game Amos You can say: Amos!! this is exactly what SC,. BC describe Amos Yes and no Amos IF YOU ARE SITTING OUT and YOU WAIT FOR THE SC BC Amos then you are STONG Amos If you ARE IN THE MARKET on the wrong side-- YOU ARE IN A BIND Amos WHY? Amos Because of the CURSE OF THE RISK REWARD== Amos If you are short and the market goes up-- You do not bail out because you know that the HIGHER THE MARKET GOES-- the LARGER IS Y OUR RISK REWAR ON THE SHORT SIDE! Amos Look at SOROS and the yen Amos them same Genius who made a billion dollars on the DM/BP spread ( He was long DeutchMark and SHORT BP in 1992) Amos also lost 1 billion in the yen going short huge position around 90 "knowing fully well " that the reward that the Yen will go to 70 is a SURE GAME Amos He was absolutely right-- but before that-- the market in its infinite wisdom-- Spent 2 months visitin 120 and then collapsed NON STOPO to 70 swetz left. Amos Had Soros be willing to risk another billion and a half-- he would have made a fortune handles new highs yen handles tonight handles lol Amos Yes handles , this is like the guy is saying-- the market went limit up, but the volume was low Amos You know that I am bearish the stock market. Amos But so are MILLIONS of traders Doc_K left. Amos the MARKET KNOWS THIS-- and it will KILL THE BEARS firsty handles so u think we go higher.....to nail the shorts handles yup Amos What is the solution? Amos Several: handles did the same in CTZ and KC and SB and next grains ory one giant UT Amos 1. Look at the LARGER TIME FRAMES and WAIT FOR A SIGNAL THERE... your risk reward will be smaller, because your entry point will be FARTHE from the extreme-- but your chance to win is larger Amos 2. Trade SMALL Amos there are more swetz1 I like door #2 ::smile Amos but they all have to do with your PSYCHE than with the market! handles unwind...u carry trade #$%? handles dont fade me amos handles lol brad_c lol Amos Again realizing that there are large forces in the market that KNOW the position of the PUBLIC-- should give you the peace of mind that you will NOT MISS THE MARKET swetz1 lol h Amos This concept of being afraid of "MISSINIG" the next trade is another curse (was NOt in the synopsis) handles agree handles 1000% handles missing part ory I love trading Wyckoff Amos left. Amos joined. Amos Am I back? DaveM fear of lose (missing trade) is common human bain Kelley yes swetz1 yes Amos Amos This is one of the most wicked aspects of the market and it is connected to the concept of risk reward Gary_Fullett front Amos One time in an advanced course I spent a lot of time dealing with the FALSETY of the concept of risk reward Amos WHY? Amos I will give you the gist Amos YOU NEVER KNOW WHAT IS THE REWAR-- HOW FAR THE MARKET WILL GO Amos YOU CAN ONLY QUANTIFY THE RISK! Amos So this 3:1 thingy-- is SUPID! Amos All day traders use 1:1 risk reward and make a nice living Amos But the thing i want to EMPHASIZE is the fact that you CANNOT LOSE A TREND Amos A trend is a SERIES OF RALLIES AND REACTIONS Amos you may lose a rally, or a reaction-- but NOT LOSE A TREND Amos If you think that way-- WHAT YOU ARE REALLY SAYING IS THAT YOU DO NOT BELIEVE THERE IS GOING TO BE A TREND DaveM left. Amos Ok folks-- I covered less than half of the page I sent Gary-- but I have no idea how repetitive I am-- so I need to sit and read the script and see how confusing I am Jerry AMOS will this presentation be posted and where? ::smile In case I have to bail before your finished, this is important stuff, Thanks! ::coolsmile Amos So I will stoop here and continue next time swetz1 thx so much Amos ! ! ! ! ! swetz1 Jerry - it will posted like all the other night classes in the archives ory You did fine,,,,,just love to talk Wyckoff swetz1 dont know when though Amos All I can asure you is that I am talking about some of the most CRUCIAL aspects of trading and they bother me day in and day out-- with all my experience and I DO NOT STOP LEARNING michal left. pat lot of grist for the mill, Amos--thank you Jerry Thank you Amos you are my sensei! ory We all learn everyday TY Kelley Amos, I came in late. What synopsis are you speaking of? ory ?? swetz1 its posted in the archives Kelley ::smile Jerry Q When you loss money to the market, who gets the cash...Broker or the Stock Co.? Kelley ty Swetz Kiran lol warren keep pressing Amos, it sinks in slowly -- many thanks swetz1 ::smile ory it,s the other side of the trade handles what jerry? biwi- joined. JimC left. JimC joined. handles brokers get all of the money of course ory always a buyer and a seller handles lol ory good one swetz1 lol h Amos left. Amos joined. Jerry So the broker is the house as in Las Vegas..LOL Amos I got disconnected, did you get my good night? Kelley no handles no....goodnight brad_c night brad_c left. Jerry No Amos GN.. swetz1 goodnight Amos ory as we know it swetz1 ::smile handles jerry......u kidding us right? Kelley good night Mr. Cohen, ty ory GN Kelley Amos I bid you good night and avoid certain universities Kelley gn Ory Jerry Never thought of it until now, serious Q for me at this time. Amos bye Amos left. Kelley gn JimC left. ory Gn Amos Gary_Fullett ty amos Gary_Fullett i was an hour late Gary_Fullett but how did it go ory Hi and GN Gary handles well u have a buyer and a seller jerry.....broker does the transaction.....and gets paid to me the middle man swetz1 well Amos called me a redneck sheepherder but besides that Jerry Wanted to know who got my 24.7K I lost in January.. swetz1 the chat went fine swetz1 lol ory Great, but he challenged some Wycoff Principals Gary_Fullett any q on tonight? pat Very well Gary handles the smart guy on the other end who bought or sold it to u Gary_Fullett well Gary_Fullett amos Gary_Fullett foundation si wyckoff warren always thought provoking Kelley lol Swetz Gary_Fullett but there are things that eh questiosn for todays trading ory I know chris gn Amos ory program trading ?/ isnt that all part of the sceme ?? ory haevy volume COB etc ?? Gary_Fullett it exerbates things swetz1 nobody got it Jerry ory I know SC BC and so no swetz1 you bought the stock at 30k so you exchanged cash for stock Jerry Good then I ask them to send the money back home..LOL warren yis ory but not always classical handles pardon me swetz......its a zero sum game swetz1 the seller got 30k cash and you got 30k in stock handles someone on the other end got it warren yes Gary_Fullett stocks are differnt Gary_Fullett stock brokers Gary_Fullett are differnt than comodty brokers swetz1 then stock falls to 2K Gary_Fullett a firm Gary_Fullett has stoick to unload swetz1 you got 2K in cash and someone got 2K in stock Gary_Fullett so they call customers to buy it handles for IPO's swetz1 the difference 28K went to noone Gary_Fullett they ahve a vested interts per se ory I know,used to be one swetz1 it was just a transfer of assets at different prices ory correct handles yes but someone sold the stock and someone bought the stock.....and one guy is right.....the other one isnt...... Gary_Fullett commodity broekrs dont care up or down as long as customers are right side Gary_Fullett a brokerage firsm needs to unload stock handles the guy who isnt cant get the 28k for his stock back ory correct,,,,thers the transfer of money swetz1 I sell you stock handles for 30K handles yes swetz1 so you have 30K worth of stock handles yes swetz1 I got 30K cash handles yes swetz1 stock falls to 2K handles yup swetz1 you still have 30K handles i just lost 28k thank u handles no i dont ory O.K> swetz1 I mean I got 30K swetz1 you got 2K in stock handles yes handles i lost handles u won handles that trade ory very true swetz1 yes you lost but I didnt gain the extra 28K that you lost swetz1 I still have 30K handles thats the transfer of risk..... swetz1 not 58K handles yes u did handles u got to keep your 30k handles i lost my 28k swetz1 right you lost 28K warren so long everyone -- have to leave handles and u got to keep yours...... Kelley gn Warren swetz1 but I am no richer than I was when I first sold you that stock handles not nice ory By Warren swetz1 lol handles carnac left. ory one wins one looses warren left. handles well u didnt lose 28k like i did....because i bought your stock....if u kept it u would be 28k poorer swetz1 right handles Jerry Well folks time for ::beer ::beer and more to memorialize the 24.7K in the urn. Oyasuminasai. ::ninja handles yen at highs swetz1 you are 28K poorer handles yes Stockseller joined. Jerry left. handles thanks again for selling me your shitty stock handles lol swetz1 LOL Kelley lol Kelley lord handles hahaha handles is this a seinfeld episode??? ory Goodnight all,,,,,,Group was awesome swetz1 handles - you are my buddy man, I will give you a refund handles yen new highs swetz1 ::smile handles ok cool Kelley Handles Costanza Gary_Fullett lol Gary_Fullett okay ty u all handles i want 28k in oreo's Gary_Fullett need to do soem charts Stockseller Hi all Im ready for the lecture... handles mint handles lol Gary_Fullett see u in the mornign handles ss swetz1 LOL handles Gary_Fullett ty all Gary_Fullett left.