Jockeys and Brokers

A man or group of man will try to move the market but usually fails if they go against the trend, why? because nobody knows if billions are eager to exit or buy a particular stock. Good example was during the hostage fiasco, were a broker sold ALI  from 16.5 to 14, the next day it recovered and the next even closed at 17.

Another is AGI, the broker sold it down  from, open 11.2 to closed 9.8, now its back to 12.64, and the best example is the recent Daiwa show. In which he has to cover his short positions before the closed.

To a keen eyed trader, no need to look further, every opening bell, some jockeys try to jock up their ipit picks at the opening bell, they are top gainers for the day 10% up with no volume, but no buyers, next day, 15% down. These are well known jockeys. They can control the market for the day only.

Another example is Gurus who posted that he will sell his positions which unfortunately were my pick, dent was considered normal reaction, 2% down.


I also observed some margin callers in my picks which I welcome, but I think they do not know how to exit when their calls expired. They are shooting their own foot. Trend Follower like me always pay my position which are gaining, so as to ride the trend and sell which are loosing. Large margin calls position must be disposed in an uptrend, not in the down trend. 


As Seykota posted lately in his blog " Some people prefer fighting ( the trend)  over winning"

" All manipulation comes to an end when the manipulator cannot make a stock do what he wants it to do. When the stock you are manipulating doesn't act as it should, quit. Don't argue with the tape. Do not seek to lure the profit back. Quit while the quitting is good and cheap." Livermore