protected species, page-20

angry...

Sorry, but how long have you been in the markets? Your comments of dismissal suggest it is either not very long, or at least not to a high level of intensity.

I have explained now several times the difference between "trading" for profits for the hell of it and trading to smooth out the spikes...either you refuse to understand openly, or you really do just not quite get it.

Let me put it to you this way...

When was the last time you did not buy CVI at 26.5c, instead waiting for it to hit 28c to help counter the expected resistance...or another day bought CVI at 28c, in full knowledge you could have bought it at 26c had you waited till lunch time, but did so anyway to help arrest a player induced downwards push from gaining momentum?

Further, how many times have you sold at 30c...in full knowledge you could have received 33c or more by waiting just a little bit longer...but did so at that time knowing a "spike" was on the cards and you wanted to cash in at a time the buying volumes were at their peak (when your sell order would have minimal impact), without damaging the stock...SPECIFICALLY so you could buy that stock back again when the players turned the pressure around and attempted to run the price down again, even paying more than you sold it for if it helps to "take out" a capper, again in full knowledge you could get it much cheaper had you waited?

Such "trades" are never about making money, but discouraging the players from overdoing the swings (which of course is what they want), or in other words, smoothing out the volatility which can damage the long term attractivenes of the stock to the types we really want buying...I am referring of course to the sit and hold investors (the real ones). Volatility scares the pants off the mums and dads and small retail, who can least afford to be treated in such a way and allows them to be played, often turning genuine sit and hold investors into nervous trading wrecks, who eventually will sell out of the stock for fear of what is going on.

Volatilty discourages long-term holders and hamstrings the companies capacity to use it's stock as an effective bargaining tool.

Whilst I am clearly doing this for my own benefit...these benefits are much further down the track and certainly not measured by day to day activity.

Had I done nothing over the last month and allowed the players to work the stock at will, our swings would likely have been 2c more in each direction, far more often and potentially terminal for the health of the companies register in the long term...whats more, I would be some $60k better off!

With respect, I suggest you have not the slightest idea what it means to "support" a stock.

Cheers!