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Titan Corporation (TTN) Message Board

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  • videoctr videoctr Oct 19, 2000 6:13 AM Flag

    Titan is like a sinking Titanic, WHY???

    "Attitude is a little thing that makes a big difference"

    An acorn contains all that it needs to become a mighty tree.

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    • Specialist doing the buying � ByVolume

      can expect short rally, but may not last. Time to
      keep an eye. TTN shows no support.

      Fundamental analysis
      Monetary analysis

      On any rally he will liquidate his position.



      • 2 Replies to ByVolume
      • Dude... you're starting to lose it. Might be time
        to take a little break from trading

        Think about it.

        Yesterdays rally was the
        bull comformation rally stemming from last weeks
        awesome spin around. And ya' just don't see those kind of
        rare and beautiful about-face rallys everyday, ya'

        Hey, I thought up some new titles for any
        further posts on the PAINFULL OBVIOUS.

        How's 'bout
        this one-

        "Brokers are doing the


        "Institutions are trading stocks"

        here's one I

        "CNBC's talking heads are


        "George Bush is a cretin"

        And of course who
        can forget this one,

        "Inet lives in a VAN
        (bus) BY THE


      • Beware of Your Trading Adversaries : Part I, The
        Specialist by Ron Worley Senior Analyst

        It never
        occurs to many investors to consider the folks involved
        in their trades as adversaries. They assume
        commissions to be their biggest cost in a trade.

        untold amounts of money are lost for this reason. One
        would think brokerages make most of their money from
        commissions. How can a brokerage make a profit from $5
        commissions? The answer lies in understanding the profit
        motives in transactions of those in the securities

        The Specialist: Specialists are charged with creating
        a "fair and orderly market flow" in exchange listed
        stocks. It may be somewhat orderly, but it's a stretch to
        call it fair.

        Most stocks have one specialist
        who, thus, "specialize" in a stock and know everything
        about that stock. Huge volume stocks like IBM may have
        5 or 6 specialists. A specialist receives news
        before anyone else. They have the order book showing
        everyone's hand, somewhat akin to a card dealer seeing what
        everyone is holding and then being allowed to deal what
        he/she chooses. They have a sense of the psychological
        state of the market and the trading floor at all times.
        They control the prices for buying and selling. If
        there is a sudden surge in buy or sell orders without
        people on the other side of the trade, the specialist is
        required to personally buy or go short to keep the market
        flow "orderly". In return for taking risks, they may
        (and do) trade for their personal accounts.
        fair, right? Well,...not exactly.

        may have trading in a stock halted because of "order
        imbalance". This means that instead of risking their personal
        funds to balance the orders, they stop trading and
        reset the bid and ask to their advantage. To wit: Some
        years ago, I had a tidy profit in this private prison
        stock which had advanced to 48. To follow the rules, I
        dutifully moved my stop loss to 46. Then, news was
        announced, intraday, that a popular newsletter author was
        touting the stock while selling off his position on the
        sly. Being the first recipient of this little pearl,
        the specialist stopped trading to assess the
        inevitable wave of sell orders and reset the bid and ask in
        the 41 and change area, gapping through all the stop
        orders and picking up those stops at bargain prices. You
        know what happened next. The stock's price was then
        "adjusted" upward and was sold with a smile to the new
        buyers, making a handsome profit for the specialist.
        Those investors with the higher stop orders simply got
        their pockets legally picked. A "fair and orderly
        market"? (Sell stop orders are triggered at the first bid
        price that touches, or is posted below, your stop.
        Limit stops say that you want to sell at X price, but
        if it is triggered at a lower price, that is

        The preceding case is an extreme example and it
        doesn't happen that often, but it illustrates the
        advantage of specialists and how they can use it to rob

        So, how do you protect yourself from the

        Be aware that the specialist wants you to buy and
        sell according to his/her needs. Therefore, be wary of
        price moves (particularly in the noon to 2:30 Eastern
        time frame) that have no news and are moving up or
        down on low volume. This is a favorite time frame for
        specialists to make sucker moves because trading is thin. It
        is an unspoken rule that floor traders don't fade a
        specialist's sucker moves due to the possibility of
        retaliation on other trades. Off-floor traders can fade a
        specialist sucker move, but don't try this unless you're an
        experienced day trader.
        Be wary of "breakouts" on no news
        or low volume. Specialists can read charts and like
        to sucker in those who will buy any break.