Double And Triple Prints

Double prints are exactly what you want to see in strong and weak stocks. A double print means you have two buyers in the stock. You have to watch very carefully though. Even if you are watching, they are sometimes hard to see, you will simply see size flash twice very quickly. And don’t always assume its big size. Sometime you’ll see 200 shares flash twice. What is happening here is two buyers have left stock for the specialist to work. So any sales that come into the market, the specialist will split the order and give half to buyer A and the other half to buyer B. The reason brokers leave these orders with the specialist is because they don’t have time to stand at the post all day and they also don’t want to let another buyer push the stock up without them getting any.

This leads to another variation of this called the go along buyer. It means when a broker knows there is a big buyer in the stock who is carefully buying at good prices. Instead of standing there all day and trying to work the stock, he will leave instructions with the specialist to tag along with the other buyer. In other words, whenever buyer A buys stock, I want to buy stock there too, same shares, same price. This is the go along buyer. If you are long a stock and it’s strong and you notice the double prints this is a sign that you should stay with the stock. This means there is a lot of stock left to buy and you should not get shaken out of the stock. Again, so many times, traders would miss these prints and would dump their stock because it would just go sideways for hours not realizing there are still two buyers left in the stock! Then at the end of the day, the stock would take off and close at the highs and they would be kicking themselves. It’s so important to pay attention to every print. And if for some odd reason you should see triple prints, they are rare but do happen, you better hold on to every share you’ve got, because that stock is going much higher!