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Pastimes : The OTCBB Garbage Dump
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To: Wayne Rumball who wrote (289)7/31/1999 10:51:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 2942
 
There are lots of problems with any system of sharing information with others on what you might feel is a good buy in the stockmarket. Let me debunk some of what you said with a little rational discourse.

>Now see that's the trouble with many contests. Post before the market opens, but on delayed quote info...<

I get real time quotes on entire portfolios for free Wayne:

Subject 22551

Give Medved a try it works with most of the larger online brokerages real time quotes my friends.

>30 seconds into the open I don't know if I'm buying anything.<

Then perhaps you are not just a daytrader but actually an hour trader?
LOL...

>Your contest is only good for gap ups<

Not true, not every stock that wins, does so after a gap up.

MOST GAPPERS ARE LOSERS!!!

>and then who would be buying into a gap up<

I agree most times buying into a gap up is a mistake. YOU SHOULD BE SELLING.

>AND if I did find something worthwhile to buy before market opens why would I tell the whole world before I own? I have trouble enough getting fills without competing with 100 other people.... but an idiot?<

The best picks are usually posted the day before when everyone still has a chance to buy in rather than just before the open.

It's no different than what most investors who post do now Wayne. Who hasn't bought a stock before they post that a stock is moving or is going to move. Sometimes we are still buying but we just want to see a stock do well. Stocks gap intraday, as well as before a market open, and gaps are disastrous most of the time for those who hold too long.

Thanks, Jeff

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