DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Graham who wrote (3387)	8/29/1999 6:24:00 PM
From: OZ	Read Replies (2) of 18137

Your post was in response to the post that Palo Alto put on this thread as well as myself a few post earlier. Message 11070992 You made comments such as: I would not place allot of credibility on the Pristine article. They are coming to the defense of their bread and butter source of income... This in my experience is true to form for IMO a ratherself-serving and aggressive company. There are services and Internet chat rooms that can through their subscribers can move stock. This is the truth that is getting downplays by the self-serving article by Pristine. So what purpose did Pristine have in writing their response? I was not going to comment on your reply. But I have changed my mind when I started to see other posts of yours since. You seem to feel that you have a talent for reading in between the lines and a moral responsibility to enlighten those less fortunate. It is funny (strange) to me that an article that was so well backed with numbers, charts and facts needs to be "read between the lines" Everyone at Pristine knows that sometimes when they recc. a stock on the chat line that it will many times temporarily move in the direction that they are trading. Then it might pull back when the buying pressure eases. They are usually entering swing type positions from the daily chart and therefore the underlying upward pressure is already there and they will hold for as many as a few days. What the article points out so well is that it was not just SIEB that moved up in price, but the whole sector (online brokerage) at the same time. THIS WAS NOT caused by any single (or multiple) chat room. Remember, price is the aggregate of ALL information and sentiment at that moment in time. Chat room induced buying was the lubricant on the bigger and more powerful COGS and WHEELS of Wall Street moving into a previously unexploited area of the internet stock feeding frenzy. Professional Daytraders are not very well organized and need for the leaders of the industry to put out rebuttals for the public to see. Changing regulations made modern access levels positive and changing regulations can wipe it out. *So what purpose did Pristine have in writing their response? I do not understand the implied theory that says, just because someone is in the business that their opinions and rebuttals are to be ignored or regarded as false. I think it is the leaders of the industry that are most responsibe for protecting and defending it. WHO CARES if they have a vested interest in protecting it. It is my bread and butter also that they are protecting. By the way, As you can probably tell, I know the owners of Pristine quite well. They completely changed the way I view investing and made me into the Trader that I am today. I feel I owe them more than I have already given them. I do not subscribe to their chat room nor do I subscribe to their stock picking services. They train people to become independent traders. Hell yeah they are making allot of money. SO WHAT. They are also making creating many successful people around them and it is this WIN-WIN situation that is keeping them alive. Good Luck, OZ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next