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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (16864)12/14/1999 10:01:00 PM
From: lonema  Read Replies (3) of 17305
 
AV,

Thank you for your response, you were very gentle, considering you were criticized from a stranger about a product you are very proud of. I truly wish you great success with RadarView.

I don't want to drag my complaints on, but you did ask for more info. I owe you at least that. I could have added more details to my original letter but didn't wish to be long winded.

I had no intention of making my complaints public, but the past several months of bubbly reports about all the satisfied followers, made me want to just say, hey, there's another side to this story!

As I wrote in the first letter, I don't blame you. I made all buy and sell decisions. And yes I do other DD. I never bought (except for EBNK) any stock without checking other sources. The Internet makes such DD very easy.

Several of my larger losses I did not have stop limits in place and I should have. Most of the other losers, I was stopped out. Some of these stocks I held for over a year, some only a few days.

I was one of the original free subscribers, and received your newsletter for about a month, I believe. Most of these buys were from tips on stock swap. I shouldn't tell this, but I also have someone who shares his copy of RadarView with me.

My long time hold acct. is doing very well. I have YHOO,MSFT, AOL, CSCO, C, and S&P500 mutual fund. Note: none of which were recommended on stock swap. These I hold and do not touch. They have made up for all my losses in my trading acct.

I really hate to show my trades, they make me look like an absolute idiot, but as long as I'm anonymous, here goes. Please keep laughter to a minimum. I'll leave off fractions. I realize you will say that you did not recommend buy and sells at these prices. And this will be true. You don't give specific buys and sell prices, as stated. But the fact is I bought them within a day or 2 of when they were recommended. Some went up but then I would be stopped out as they fell. You strongly recommend stop limits. In hindsight, all but a couple of these would have been winners if I had held for the long term, which is the only type of trading I do now, thanks to my recent education. My trades will make me look like a greenhorn, but the fact is I have been trading since the mid 80's, my trades have generally been successfull till jumping on these mostly semiconductor stocks.

ASYT buy @ 25 1999
Sell @ 17.5

CYMI buy @ 29 1997
Sell @ 13 1998
Buy @ 8 1998
Sell @ 19 my only winner

WFR buy @ 11 1998
Sell @ 7 1999

EBNK buy @15.5 bought WAY to many and knew it wasrisky
Sell @ 5.75

CFMT buy @ 11.75
Sell @ 9.5

SFAM buy @19
Sell @ 12

ETEC buy @ 39
Sell @ 29.5
Buy @ 41
Sell @ 30

AMAT buy @ 37
Sell @ 26 missed the big run up
Buy @ 61
Sell @ 55

ESFT buy @ 5.0 I think I bought this before you recommended it to readers, don't remember
Sell @ 3.75 stopped out in Oct. :(

ESIO Buy @ 42 I believe this was your recommendation, several brokerages have pushed this one
Sell @ 38

Same story different numbers on ALYD and ASND can't find particulars at the moment.

I do not wish to do battle with you, or come across as your attacker. All I wanted to do was show the other side of the coin on a topic that was too one sided. I lost some money, I learned some lessons, life goes on.

I TRULY wish you and all others much success.

Lonema
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