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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Prognosticator who wrote (61089)10/22/2000 1:38:42 PM
From: Mama Bear  Read Replies (2) of 122087
 
"It's hard for me to have sympathy for those who sold based on the fake EMLX news and were then unable to buy back. IMO day trade gamblers deserve to get creamed by the market for their gambling, and stop-loss paranoids should simply know better."

So you think that only a 'gambler' would sell based on a semingly legitimate press release that states the CEO has resigned in disgrace, that the SEC is investigating, and that earnings were falsified? Gee whiz, if that's not a good reason to sell I don't know what would be.

IMO the gamblers were the folks who went long in the face of that news unless they had done enough DD to realize that the odds were that it was phony. Even then, it was a calculated risk.

IMO it was those who sold that were screwed, and the gamblers' who won.

Regards,

Barb
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