Deep Thoughts with Dexx Message Board

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Pastimes : Deep Thoughts with Dexx

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To: dexx who wrote (131)	8/25/1999 6:04:00 PM
From: CBurnett	Read Replies (1) of 139

My deep thoughts about newbie investors e-mailing a CEO of a company wondering why the sock price is not moving. Merrit, My investment style is not derived from reading these boards.These message boards are merely a splendid form of investment entertainment.However if I was to sum up my investment style I would say it is based on one truth."Buy support and sell resistance".I am a futures trader who has moved into the exciting action of OTCBB stocks.I also go strictly on TA and help newbie traders understand what they are getting into. Enough about me, let's talk about you. I found your letter to DW embarrassing.I felt it was written by someone who has no business in this game since they obviously don't understand it.You see Merrit markets go through three phases, a buying climax and a selling climax. After the selling climax the market will move into an accumulation phase.During the accumulation a stock or commodity will stay in a trading range untill buying (or selling)pressure sends it back into a cycle.DDEQ's daily chart is a text book example of the "Wyckoff Principle". So I am sorry I have not contributed more but honestly their is really nothing to say.I read these boards to see what the market sentiment is and also to see who is pumping and who is dumping.I could get into another discussion about the market makers but that would take too much time.So before you set off on another one of your infantile rantings to DW think about what you are saying and also who you are dealing with.DW is not some chump sitting in a bar drinking up your money,he is a busy man.I'm glad the sheep on the board are behind you wasting his time with impatient rhetoric about the stock price not moving.Those same sheep were at one time pumping this stock for Weider or saying the stock was going to 16.00 a share!.As I said earlier, these boards for me are for entertainment purposes only.Now about my post to "cupcake" or Chuckrmon,he is a chap I know from SI..we have a running flame going and I happen to like him.I'm sorry the post wasn't a good piece of investment information for you but if you buy a stock from the hype on these boards you will get burned,as you did when you bought on hype and not from sound analysis.Consider it just another valuable lesson learned.Happy trading.

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