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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (2804)10/11/1999 8:33:00 PM
From: JIM W   of 4443
 
Saw a couple of articles in the WSJ today that were interesting and somewhat timely. The first described how the SEC watchdogs were perusing the Yahoo boards for some less than honest investors who are using the boards to create wild price swings. They can't catch them all, so the best defense is to find a good stock and hold it long. As you said, ignore the price swings in the short run because, in due time, the real gains will be there. Boasts of tremendous gains from short term investors remind me of a friend who brags of cashing a $100 ticket at the track. He never mentions the $300 he lost on the race before.
The second article was about a notorious short investor who was banned from SI, now is reformed and begging to get a second chance. Seems his personal attacks were something that were just caught up in the moment of the battle. Seen this before. Nothing wrong with shorting, but using personal attacks and negative postulates to try to manipulate a stock price reminds me of the first article above.

Jim W
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