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Strategies & Market Trends : APMP (formerly APM)

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To: WTMHouston who wrote (10760)	4/20/1998 1:16:00 PM
From: Rudy	Read Replies (3) of 13456

Insane? Weird? Crazy? Manic? Huge? Awesome? Amazing? I don't know how to call this? I have been actively watching markets and stocks for since '95. I have never seen such a thing!!! It just shakes all the pre-established notions about investing, trading, even speculation!!! This is beyond speculation. This is beyond anything. I don't know if there is a similar historical example that can match its rise. Yes you guessed it. I am talking about a stinky '70's records seller KTEL! Just 6 trading days ago it was around 8. Now trading at 42!!! that is 625% rise in 6 days guys!!! I am loosing my mind!!! Nothing in the fundamentals of the company has changed. They did not get a multi-billion contract either! Not even a new million dollar contract. All this mania is because they started a web site to sell their dusty records. Few days ago when KTEL was at 21, one guy (at KTEL thread) was writing how he cashed all his IRA and invested in KTEL. At that point it was only up 360% in 4 days :-)))!!! I thought this guy was out of his mind. Well if he kept his shares, he must be laughing all the way to the bank. I don't know but what's happening is scaring the hell outta me. Could this be the infamous "speculative phase" of a bull market? If it is not how would you define "speculative phase"? 1000% a day gains? Long strecthed bull market, unbelievableble gains, speculation, hype, crazy people. I think some people will be highly rewarded while a lot of people will get burnt severely. Call me chicken but I am getting scared. This bull maybe just self destroying itself. Good luck to you all guys and be careful out there.

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