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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (6837)	7/18/1998 5:02:00 PM
From: Michael Hanson	Read Replies (2) of 29382

You posted the following message a few days ago: "The stocks that the 3 Amigos pick are not daytrades. We do not post after the fact how we got in at the low of the day and sold at the high of the day. We're in for the long haul unless the fundamentals change and we post our trades in advance. The daytrades that we do individually and/or collectively are not worth posting about. That's not the purpose of this thread. Just wanted to remind everyone that the 3 Amigos are looking for stocks for the long haul and not one day events." Huh?? An abundance of short term/daytrades are posted on this board. Just one example are the following posts here on April 24 by "Amigo Mike": "The Amigos have confirmed a buy on VVUS @ 12 just after the open. This is a quick trade in the Amigofolio." Followed a few minutes later by: "VVUS now above 13 5/8. We have placed stop protection at 13 1/2. STill GGGGOOOOOIIIIINGGGGGGGG !!!!!" Followed a few minutes later by: "Adjustment to stop protection canceled and replaced..... now stop at 13 7/8." Followed a few minutes later by: "WWOWOWOWOWOWOOWOW !!!!!! The Amigos are out. Stop order hit a minute after replaced order. VVUS hit 14 1/8 then came down quick. The Amigos hit a limit order of 12 after the open. Now out at 13 7/8 .... stopped. +1 7/8 YYEEEEEEEEEEEEEEEEEEEHHHHHHHHHHHHAAAAAAAAAAWWWWWWWWWWWWWW" Followed a few minutes later by: "Wow ... what a ride. Now VVUS is getting hammered hard !!! Gotta love those stop orders. Gee ... it's tough flipping these windows in realtime. Fingers in a rubdown ! Good One for the Amigos !!!!" Indeed, in the charter post for this board, it is stated that daytrades are part of the Amigo strategy. Notwithstanding the extremely impressive enthusiasm shown by "Amigo Mike" in the throes of a stock trade, I, and I am sure others, look forward to you commenting on this apparrant discrepancy in your "strategy"...

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