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Bovie Medical Corporation Message Board

  • dragan7777777777 dragan7777777777 Jul 29, 2006 7:56 AM Flag

    MM, stop loss, spread...

    Hi Biz,

    Thanks for honest self-analysis of your trading with BVX...I have some comments...I still "hate" this new Yahoo MB, but still can not find adequate replacement, although I will try to do most of my posting on my blog, I do not want to be too theoretical there...

    - IMHO, you did everything right, you did accumulate your position, did use EMA points as buy/entry point, except that you have used "real" stop loss, instead of "mental" stop loss, and MM got you out......

    OK, you did "hide" your order at Ameritrade, and MM did not "see" your order, but he KNOWS the fact that it will be number of stop loss orders placed at, or just under 10 days EMA. In fast moving stock, and BVX is the one, 10 days EMA is "favourite" stop loss order, to protect profit ( trailing stops ), or to protect capital ( late entry)....So, on down days, MM will "reach" down, and scoop those stop loss orders...

    Real stops should be always used, if for whatever reason one can not sleep well at night, or one "can not afford" to lose money, or to have some protection in "case of disaster", unexpected gap down.."Mental" stops are the best, but that requires two things: extreme discipline, and ability to monitor stock continuously during trading hours....

    I know, there is "never ending debate" about stop loss orders, like: do you use them at all, or not, where to place them, real or mental stops, and so on....There is no right or wrong with this matter. Daddy O'Neil will preach 5-8 % stop loss, others use most of the time 10, 30, or 50 days EMA, some determine absolute amount of money willing to lose ( specially if margins are used )...

    - I am a bit surprised that after 12 yrs of trading you are still puzzled with trading patterns, and MM activity with ultra small caps, low float stocks....

    There are some others on this board, who are asking what is going on with "this weird stock", or why spread is so big, or why spread oscillate, and change from moment to moment, between couple of cents, and 50 cents, or more...This is all done by MM, specialist...These are smart people, and they know the "game", they do this for living, not hobby, and they will make money on both sides, when stock goes up, and when stock goes down.....

    Bovie will 'have to" go down, and retest breakout support levels..This will, for sure, get out: mo-mo players, day traders, and "weak hands"...Yesterday, I was trying to do my "testing", and see how low we can go, and at what point shareholders are determine to hold on, and I had "buy" orders at 10, 15, and 20 days EMA. So far, I got filled at 10 days EMA ( got at 7.65 ), and after that stock immediately bounced back to 8...This looks to me, we will see much more of advance ( going to ER ), than decline in next few weeks...Sure, this is my assessment, and I could be wrong...

    The main questions with BVX are: why, and who is buying BVX in last two months? Is this some sort of manipulation, "false" breakout, hedge funds, "hype", or real breakout, and buying is done by "smart money", and "insiders"...These are million dollars questions, and we will know answers by price/volume action...My bet is: BVX is moving up because "somebody knows something"...

    Good luck

    Dragan

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    • i do not read those boards much, but i've seen you on few boards in the past few weeks... i try to avoid the boards except when something like this happens and then i get curious.
      where's your blog? i would like to check it out.
      i read the Alphatrends and marketpulses blogs on blogspot... and investors.com (daddy O'neil)... other than that, i try to limit my exposure to what ever others have to say about any stock...

      thanks for the reply by the way...

      • 1 Reply to bizwiz4ever
      • Hi again,

        Recently, I have been introduced to Alphatrends blog....I like it. Well organized, "sophisticated" blog, but without great deal of checking it out, it appears to me more based on charts, and tech indicators, and useful for mo-mo players, or day to day traders...

        My blog is very simple, and my idea is to combine fundamentals, and technicals as much as possible, with "prime" target to find so-called "perfect stocks"...I am amateur investor, and "nuts" about trading, and I do all of my own research. I have started this blog a couple weeks ago, when Yahoo created this new "great" MB, you may "visit" me at www.perfect-stock.blogspot.com ....

 
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