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Pastimes : The Big Tex House of Coin

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To: Skycat who wrote (16712)1/17/2001 7:27:35 AM
From: ChrisJP  Read Replies (1) of 19297
 
Yes, there are many times where there is no bounce. And I've never heard anyone brag about how much money they made on a "thud play", lol.

Chapter 11 liquidation where any proceeds most likely will go just to debt holder probably falls into the "thud" category.

So I guess the moral of the story is not to stay at any one party too long, lol. And as always don't spend anymore than you can afford to lose.

TDFX was a slightly different play. You could calculate on the back of an envelope that their stock is worth .75 - $1 or more .... and there it was at 3/16 ... for a week.

Just another fine example of the "efficient market" principal, lol.

You guys may want to check out APT, they earn money, their claim to be buying back shares. Was 1 1/8 two days ago, now at 1 5/8. I bought it around $2 last summer. Is it a SAR hit ?

I promise this weekend to go back through this thread and learn Jeff's SAR hit method. I do some other chart stuff too.

Chris
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