Ray, in reply to your:
Message from RAY WACLAWSKY on Jan 12 1997 11:46PM EST
Well I finally found you outside Prodigy!!!!!!!! Let me share some of the winners you promoted with such enthusiam last year>>>>>>>>>>>
I want you to look below at what you wrote to me at 11:32 pm just 14 minutes before you posted the above. I think it says volumes as to your "hatchet job" intent.
Your ill timing and poor understanding of the markets are what you should address.
Last week I reco'd CFON at 5.62 it is now punching $19.00, my question to you is this, does a $14.00 window of opportunity allow enough room for Ray to make a profit? Or how about QUIG at $4.50 and it hit $37 last week, is $32 upside enough room for Ray Waclawsky to work in. Hey Ray, last Friday 20/20 featured QUIG and rave reviews, yet over the weekend Barrons did a hatchet job on them and there down $4.62 to $26 level this morning. Are you going to go after 20/20 too. You dont get it, you never will, you want everyone to do your homework, then blame them if it doesn't pan out.
It;s the stock market Ray, nothing is for sure, other then constently changing prices. But you seem to be making all your judgments based on your performance as related to the stocks price instead of judging the companies fundamentals or potential.
Read your notes below, and my response to you this morning at 8.22 am, sorry I didn't see your note at 11.32, I'm sure if I had hurried a reply within 14 minutes, I could have headed you off at the pass. NOT!!!
At 11:32 PM 1/12/97 -0500, you wrote:
>Raleigh,
>I think you owe and explanation to all the investors who beleived in
>your analysis of the companies you recommended; many turned out to be
>dogs. There has been much discussed regarding market makers and players
>they position to promote DOGS; are you in their camp? Many of the
>stocks you promoted have gone into the toilet. I wonder if you were
>part of this conspiracy I read about?
>Looking at your past posts, I see no mention of these dogs you were so
>fervently promoting. How could you so quickly change your position on
>comapnies that were the next Microsoft? Shall I name a few???????
>Let's start with the co. you personally visited, Interactive Multimedia
>INC. aka DROM, do you remember telling us how you went to their
>facility?????? Let me mention a couple others.......... IMMD, ISSM,
>PTSC,EPLTF, TELV, .........Shall I go on?????
>You haven't the courtesy to at least admit that you were wrong in your
>assessment or your recommendation, which you chahrged money for.
>If I don't hear from you, I plan to report you to the SEC, especially
>relative to DROM. I can only hope that you are a decent human being and
>all this is just sommeone who thought they knew something that they
>rally didn't.
>I plan to monitor your comments on SI and make my opinions and your
>track record known.
>All the best,
>Regards,
>RW
>
Ray, you're way off base, and out of line. First off, EPLTF, ISSM, were both Gary Grobbels picks originally. I happen to still like EPLTF, a lot. They not only are showing tremendous growth, but were just recently picked as the stock of 1997 by a mainstream Guru in the Dick Davis Digest. Are you judging a company by it's stock price? ISSM is still in the running for several contracts, but why don't you ask Gary? TELV I don't recall at all.
DROM ran all the way from .81 where I reco'd it, to 8.00. For that I am to apologize?
Still, even today, I get letters from people that complain because they bought at $5.00 and lost money. What, a run from $5.00 to $8.00 (60%) wasn't enough for them, did greed get in their way?
NO, Ray, DROM continues to pursue the USGA contract, and is in better position today then it was when I reco'd them. I don't know what they have done wrong to be under SEC investigation, they aren't talking about it. But what I do know is that I was never paid by them, nor did I participate in any way to illegally manipulate the stock. In fact Ray, I believed so much in the company, I sold the majority of my stock at $1.65, after it had gone to $8.00, why did I hang on, because I believed in them, still do. I do not own any stock today, but I still believe that they will become a profitable company, if they can get past this SEC thing, whatever it is.
Do I make mistakes? Yes, so do fund managers, brokerage houses, Worth Magazine, Barrons, WSJ, and just about everyone else that makes recommendations. But it's the track record that counts. I happen to deal with the most treacherous end of the business, Micro caps. So just to play them, you are walking in a minefield. Are you going to step on a few? Yes, it goes with territory.
I recently have diversified into a more balanced portfolio, just for that reason. Are the bigger stocks safer, that depends. Just like the small stocks, it all has to do with timing. Look at any stock, look at it's 52 week range, hell ATT had a 30% drop from high to low. If you buy it at the bottom, your happy, if you bought it at the top, your not.
Ray, I make a lot of picks. I address a segment of the market that is looking for aggressive stocks, not money market funds. Looking for higher rewards means your looking to take more risk, it's all proportionate. But you also can't reap rewards that will literally double, triple, quadruple, without taking risk. You have keyed into a few losers, well how about some of the winners. From Jan to May last year, my key picks were up almost 400%, in May I called the top of the market for small caps and told everyone to go to 35 to 50% cash, did they? I can bet that the ones that complain didn't. How about some of the big winners. ILT, RCMT, QUIG, are just a few that had incredible profits.
I watched a fellow last week on CNBC talk about how he had broken down the 6600 listings on Nasdaq into 20% segments, based on market caps. From June to years end
the top 20% appreciated by 9%, but the top 50 stocks in that group rose in excess of 35%, the Intels, MSFT, etc. The next 20%, rose 3%, big drop. The next 20%, zero appreciation, the next 20% lost 15%, and the last 20% lost 35%. That didn't even include OTC-BB stocks, so you can imagine where they ended up. But what he failed to mention was that the first half of the year painted a totally different picture. The bottom half of those segments out performed the top half.
Ray, that you or anyone else loses money is a shame, and for that I feel bad, because I don't like to see anyone lose money. But to blame it on me, is unforgiving. I don't hold a gun to anyone's head, they are adult, and if they are responsible they should do their own homework. Had they though, they would have probably bought the same stocks, based on the same info, and the same story. Many of the stocks that you mentioned are still viable companies. EPLTF is making money hand over fist. PTSC is working with several companies on landing new contracts. On and on. I can tell you don't do a lick of homework on your own, simply by the companies that you listed. You are judging them by their stock price alone, and don't know "jack" about them, other wise you would not be mentioning the ones you did. You think everyone owes you a living, sorry. Grow up, be a man, and start taking responsibility for your own mistakes. If there is a finger to be pointed, stand in front of a mirror.
Apologize, no Ray, I would probably reco the same stocks over again based on the information that was furnished to me at the time. Were there mistakes, sure, and there will probably be more in the future. But for you to insinuate that I have done anything devious or illegal is where apologies are in order.
RB
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