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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (7148)	7/25/1998 9:12:00 AM
From: Michael Hanson	Read Replies (2) of 29382

Careful, declaring a stock like ATPX to be a short might get you banished from this thread... On the other hand, it's probably better to be banished with your money than to be included without it. In such a great overall market environment, I've never understood the obsession of the regular participants on this thread with stocks like ATPX, ANTX, and STVI...obscure stocks that together trade less in a MONTH than other stocks trade in a minute. In any market, speculating in these would be no better than buying a lottery ticket...with about the same chance of success. In today's market--with money actually flowing OUT of stocks like these and into large caps--the odds are worse than the lottery. Those of you who keep waiting for institutional interest in ATPX like its the holy grail will have a long wait; if you think otherwise, you're ignoring the dynamics of money flow in this market, as well as showing a lack of knowledge about the way institutions would take a position in a stock like this. If I owned a stock like STVI or ATPX and had the majority of my original capital, I would bail out at the first opportunity and wait for the market's internal dynamics to change.

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