Friday, April 18, 2008

It never fails........

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.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173