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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: vagabond who wrote (10905)7/7/1999 12:31:00 PM
From: Kimberly Lee  Read Replies (3) of 108040
 
Good morning, vagabond and everyone. Took profit on OGPS yesterday during the runup perpetuated by 2 P/D newsletters. Most of these newsletters engaged in a ponzi, P&D scheme, and the plays usually don't last long.

ThisWeeksPick, however, has produced some decent picks with no evidence of front running. But even with their picks, I usually take profit when there is a 50% gain from entry point.

The lower tiered net IPO bubbles are bursting as I expected yesterday. Usually when traders have to resort to 7th tiered IPOs like SALN, the end is very near. The historic threat of selloff on YHOO earnings certainly doesn't help.
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