Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] specialist
Date: Tue, 13 Aug 2002 10:28:00 -0500
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I had the privilege of spending an hour with a specialist on the floor of the NYSE. Being of the trader/investor mindset, I was very curious how specialists operated. Like Lucky, I walked away with a much clearer picture. A specialist is what I will call a swing trader. Holding positions (inventory) and trading around this inventory as orders flow in. I asked the specialist about unexpected events when inventory is high. He mentioned even though he and his firm will take a hit on the inventory, there usually is enough order flow to profit from and substantially cut into the loss. Very, very few specialists lose money over any length of time. Check out the price for a seat on the NYSE - it's that high for good reason. Ed Gjertsen II ed@macktracks.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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