It was a great week for the bulls on Wall Street. Optimism fueled a rally.
For years I have laughed with a friend of mine, Jon in Colorado about the prescient ability of NASDAQ market-makers to have the microscope trained on specific stock orders. When we sell shares, though the stock could trade millions upon millions of shares daily, either with limit or market orders, though I normally always use limits, the absolute worst price of the day-week-month is ours.
It happened to me today.
Owned the stock for years. The reason the stock should have been attracting more buyers was clearly out in the open and the shares weren't trading up to the levels I figured they should be at. With the market ramping and no shortage of other opportunities the "sell" decision was made. Maybe the worst fill of my entire week-month-year for sure. That's Wall Street.
Native American Advisors, Inc.
- Dean Parisian
- CHIPPEWA PARTNERS is a Registered Investment Advisor and provides investment management to private investors, retirement plans and Native American tribal entities. Founded in 1995 as a fee-only money manager we are about doing the right things the right way and our expertise developed over 25 years balances financial acumen with absolute integrity. Dean Parisian is a former NASD and NYSE arbitrator and very successful trader who started his career on Wall Street in 1982 with Kidder Peabody and then with Drexel Burnham Lambert. The firm is a Life Member of the National Congress of American Indians and adheres to fiduciary standards. As a private, unbiased firm we know what to do and are prepared to do it. We invite your inquiry to manage your assets. ChippewaPartners@aol.com. Office: 877-772-1621 www.chippewapartners.com
Friday, April 18, 2008
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