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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Pink Minion who wrote (16809)8/26/2002 9:25:55 PM
From: Doug R  Read Replies (1) of 18998
 
ACRT went from 12 to 42 (not quite sideways). before the WHOLE market cratered. From 12 to the top was 30 points. So far, after a good long profit, pinky's direction is a whopping 8 point gain. If one had the margin leeway to sit on it short through the move to 42.
Not too tough, at this point, to have been right about ANY stock going down ALOT. Just another stopped watch call.
I especially liked Fleckenstein's "YES!!! THIS IS THE BEAR MARKET" post in....1998 during the nasty pullback. He had to go back and stomp on his watch again til he was SURE it was stopped.>gg<
It wasn't until mid 2000 that I posted the Dow was going to 7900 in Sept 2001. At the time it seemed a bit drastic. It was...I missed by just under 200 points intraday. The call also pointed to a 30% bounce from there and afterward the chart to become a real mess for a couple years.

Y'know...there's a post on this thread where pink tells about a call he received from DC one day. He goes on to say that he received info that there was a LARGE amount of insider selling on a company. He was privy to and relayed this info BEFORE the info was in the public domain via proper SEC notification. I believe that's criminal. Whether it's morally right is probably debateable but that's not the question sometimes.
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