This strategy really seems counter-intuitive. I realize the people trading this strategy are convinced that they're gaining and "edge" by being on the same side of the Specialist. However, most of the time there are underlying reasons why a stock is out of whack. Yes, it is because there is a buy/sell imbalance and the Specialist might have to accomodate some of that imbalance if there aren't enough shares in his book, but generally a large buyer or seller will reappear soon after the opening print.... most likely a fund working an order. The most importand part of this strategy, as with any, is money management. Cut your losses quickly and let your profits run. Seems to me that if you did the entire opposite and kept strict money management rules, you would do much better. You would miss those "slingshot" trades, but you would be trading with what is most likely going to be the true direction of the stock. Any thoughts?