That's right, sometimes its worse the next day,<--Check out Number 13..
Message 13279199
To: Anthony@Pacific who wrote (7933)
From: Anthony@Pacific Friday, Mar 24, 2000 11:09 PM ET
Reply # of 12319
A@P 15 Commandments of Trading:( Had To add to protect the incredibly naiive from suckering others in )
1.) All News is Bad
2.) All earnings are bad
3.) All IPO's suck, the secondary mkt is geared to kill the public )
4.) NEVER EVER BUY On an analyst UPGRADE from major firm,, including short calls BY WELL KNOWN SHORTS, ie Asencio < ( LEHMAN and Painewebber are two of the worst Firms as are GSCO and Bear Stearns )
5.) Never Buy a secondary
6.)When supply meets demand get out ( known as volume spin )
7.) Allocation Must be adhered to,..No more than 10% of a portfolio in any one position and ..Enyty points must be spaced , each short entry should increase your avaerage by 10-15% otherewise it isnt helping you
8.) HIt and Miss Rule applies to the smallest accounts ( zero risk acceptable)
9.)Never ever believe a shareholder or the Companies IR dept or any Officer. They are buyers and liars
10.)News for small Companies linking them with bigger companies is almost always a negative hidden as a positive
11.)Never allow yourself to buy after BIG news HITS, short into strength and buy on weakness( when it feels most unnatural )
12.)Never Buy into Huge percentage News( ie revenues up 2000% inernet hits up by 700%, webviews up by 26,000 %and BS like that )
13.) After hours trading has been labeled by ME as the "Casino", and all trades done after hours are 100% meaningless on the following days open
14.)Companies that Practice putting out news at the close, shortly before or after are almost always scamming the public. It is a sign of a fraudulent attempt to fool investors, without oustside critical analysis
15.) When a stock gets halted, it is forever damaged and worthless as an investment |
