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Pastimes : The Big Tex House of Coin

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To: Matt Brown who wrote (5177)7/23/1999 9:35:00 AM
From: Robert B.  Read Replies (1) of 19297
 
Thanks for the post, FATT. A few things:

<<but everybody acted like they were INVESTING in the stock for the long-term because they had the cure for AIDS.>>

The reason we bought shares was because we heard a rumor at raging bull that the company was going to release strong news on an AIDS treatment. We got in early so the risk was low. After the press release, calls to the company told us that the news media was interested in their story--so we stayed in. The big hype started Monday night (e-mail, stock chat rooms, etc.)--and all of us I'm sure sold at least some of our shares on the run-up Tuesday. On these risky plays we try to get "free shares" as soon as possible to hold on to in case the hype turns out to be justified.

Anyway--to shorten the story, no one here to my knowledge lost money on this stock. I guarantee that you no one read our thread and was convinced that there was an AIDS cure and bought in at $7. Especially with posts like:

Message 10539445

and

Message 10567376

Anyway, we harassed Metals big-time for selling out early--so I guess he is paying us back.

-Robert
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