George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: Jon Khymn who wrote (3859)	5/1/2000 7:51:00 PM
From: Bernard Levy	Read Replies (3) of 5853

Re. ``Tony trades mostly in short term and George, he invests for long term.'' No one can know for sure who GG invests, but most of his subscribers have become short-term traders. In essence the GTR is no different from the services offered by TokyoJoe and Anthony, except for the smokescreen. The GTR's primary function has recently been to create spikes in stocks of very dubious merit and pedigree such as TERN, GSTRF, XLA, AVNX to name a few. The scam works as follows: the subscribers jump in as soon as they know the pick of the month, and they unload when the spike has run its course (how many GTR subscribers who bought TERN below 60 and saw it spike are still holding?) The latecomers or believers in the fantasy land of the Telecosm are those left holding the bag. There is no difference between Gilder or Anthony or TokyoJoe, except for the arrogance. In many ways, GG reminds me a lot of Uri Geller and his spoon bending as evidence of parapsychology. Professional magicians could reproduce the trick, but Geller was claiming it was different. As far as I am concerned GG = Anthony, except that Anthony does not pretend he is creating an entire investment world around his picks.

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