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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (8007)9/21/1998 2:07:00 PM
From: hoffy  Read Replies (1) of 25711
 
FASC traded 4 times it's average trading so that is a lot IMHO. Strange that it does that the day before a newsletter recommends it. Don't you think? WHy would it do that on no news, except some people who are going to recommend it are buying into it early. They even put warnings out on Friday after the bell about their new exciting pick that will be released on Monday. Don't you think those people were buying on Friday. They were definitely hoping to buildit up and buy in the .03-.05 range and dump it in the .7.-10 range for a nice 100% profit, like they did with DACQ. This time is didn't work out so well for them but they probably have sold all of their shares already and got out about even. I guess pioeple learned from DACQ.
The same pattern happens with a lot of the Winner's newsletter stocks. The only winners are the people IN the group. The ones who get the e-mails are the suckers boasting the price and getting stuck with a pump and dump company.
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