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Technology Stocks : UREC - URECOATS INTERNATIONAL (formerly WINA) ready now
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To: Diamond Jim who wrote (183)1/23/2000 2:40:00 PM
From: Theo  Read Replies (2) of 199
 
Jim,

A "momo" is short for momentum which, when regarding stocks, refers to the act of "running" the stock. The usual operation starts out with a group (sometimes the inside folks of a newsletter) that starts buying {quietly} a particular stock for a week or two to build up their reserves- also called front-running. They always have information about a P.R. or some other newsworthy tidbit that is expected in the short-term future. In any event, the pick is made public and they begin pumping the stock via their newsletter, other chat sites, or, what have you {depending on which group is running the momo} with the "expected good news- etc., etc., which of course comes true! When the stock starts to move, they are sitting on a load of cheaply bought shares that they proceed to sell into the buying pressure they have created.

Please understand that I'm NOT suggesting that that is happening here. Based on current DD, I've been expecting a climb for some time now... It's just that there was such a jump with no news on Friday, I had to wonder. I will say this though. IMO, if the product really is everything that is being said about it, four dollars a share won't even be close....:) :)
Theo;-)
P.S. As far as the watching one run away after selling that you've held for a long time and crying to the wife..............been there....;-)
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