Russ.. there were a lot of people caught up in the 'euphoria' of the internets. I had these 5 stocks below on my watch list from the bolded days and got into them myself. The point is getting out of them. These stocks doubled in 12 trading sessions. I have personally seen statements of traders gaining hundreds of thousands of dollars (not me! others)
I also saw traders losing tens of thousands of dollars just recently. I can only assume it was the 'newer' trader who lost and the more proficient trader that won. Those kinds of gains are unprecedented, unbelievable. I left over 50% on the table but I am at this point 'unawed' because I have seen the reverse and was waiting patiently for the inevitable. Today was the first time in weeks I got puts..
I don't think you can fault posters for their enthusiasm when their stock doubles in days, but there is a fine line between ebullience and 'hyping' we all have to use due diligence to determine if that line has been crossed. But there are such extremes of 'hyping' that I have seen on other threads and on the YHOO message boards that I can't believe people fall for that.
DIGITAL RIV INC - DRIV - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
11/11/98 13.312 14.000 12.187 13.000 395,900
11/12/98 12.750 13.375 12.000 13.187 194,300
11/13/98 13.250 13.500 12.375 12.500 67,200
11/16/98 12.375 12.625 11.750 12.250 139,300
11/17/98 12.000 12.125 11.250 11.875 164,400
11/18/98 12.125 13.562 11.250 13.437 568,000
11/19/98 15.000 19.625 13.875 18.250 2,260,300
11/20/98 20.000 23.500 19.000 19.875 3,250,500
11/23/98 20.750 20.875 18.125 19.375 750,700
11/24/98 19.500 22.375 18.000 21.375 1,305,400
11/25/98 22.375 22.750 18.375 21.750 827,900
11/27/98 23.250 31.000 22.750 30.125 1,009,200
11/30/98 32.000 32.000 22.875 22.875 1,188,200
12/01/98 20.750 24.437 18.625 22.750 953,800
12/02/98 22.000 22.625 20.125 21.000 333,300
12/03/98 19.125 21.375 17.500 18.125 592,800
NATIONAL MEDIA CORP - NM - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
11/11/98 5.437 5.500 5.000 5.250 253,500
11/12/98 5.312 5.375 4.812 4.875 156,900
11/13/98 4.875 5.250 4.625 5.250 244,800
11/16/98 5.375 6.000 4.812 5.937 615,600
11/17/98 6.000 6.500 6.000 6.437 1,168,600
11/18/98 6.500 8.937 6.500 7.875 2,765,100
11/19/98 8.312 9.250 7.937 8.250 2,276,000
11/20/98 8.812 8.812 7.375 7.750 946,600
11/23/98 7.875 8.250 7.625 8.062 1,042,900
11/24/98 8.375 11.375 8.250 10.937 3,771,300
11/25/98 11.750 12.187 11.062 11.500 3,015,100
11/27/98 12.250 12.500 11.750 12.250 1,497,300
11/30/98 12.500 12.562 7.250 9.375 5,385,600
12/01/98 9.000 10.375 8.500 9.937 1,757,000
12/02/98 9.375 9.812 8.750 9.125 717,600
12/03/98 8.750 8.937 7.750 8.000 1,145,300
SOFTWARE NET CORP - BYND - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
11/11/98 16.625 16.625 14.875 15.000 363,900
11/12/98 14.312 15.250 14.062 14.625 491,000
11/13/98 14.812 16.125 14.375 15.750 965,500
11/16/98 16.125 16.750 15.750 16.000 613,500
11/17/98 16.000 16.437 15.125 16.437 430,600
11/18/98 16.500 16.625 15.500 16.250 601,500
11/19/98 16.312 16.500 15.000 15.687 392,500
11/20/98 15.687 16.500 15.250 16.500 449,700
11/23/98 16.500 21.000 16.437 20.750 1,412,800
11/24/98 20.437 29.625 19.250 26.375 3,457,700
11/25/98 27.500 27.750 24.125 25.875 695,800
11/27/98 26.875 29.500 25.312 29.062 590,000
11/30/98 32.000 32.000 21.625 21.750 1,179,900
12/01/98 20.375 25.500 19.625 24.875 1,067,200
12/02/98 25.750 27.500 23.250 26.125 802,100
12/03/98 28.375 28.500 21.500 22.750 1,129,200
CREATIVE COMPUTERS INC - MALL - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
11/11/98 12.750 13.625 11.750 12.000 1,065,200
11/12/98 12.375 13.500 11.250 13.375 1,219,000
11/13/98 13.625 20.500 13.625 16.312 4,593,900
11/16/98 18.312 18.312 16.375 18.125 1,914,800
11/17/98 18.187 18.500 17.000 17.875 929,900
11/18/98 18.000 29.875 17.625 29.750 9,660,000
11/19/98 32.000 32.375 25.000 26.250 5,497,800
11/20/98 27.250 28.000 23.562 24.750 2,325,000
11/23/98 26.125 32.500 25.500 32.250 3,319,000
11/24/98 31.312 39.750 28.750 34.250 5,651,200
11/25/98 37.250 48.000 35.125 47.500 3,861,000
11/27/98 56.500 63.000 51.250 56.375 3,442,000
11/30/98 59.875 59.875 36.062 37.875 3,989,900
12/01/98 34.000 47.250 32.500 44.250 3,876,500
12/02/98 42.500 47.875 40.875 41.125 2,350,200
12/03/98 42.750 45.500 32.250 35.250 4,010,400
EGGHEAD COM INC - EGGS - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
11/11/98 15.750 15.875 12.687 13.000 10,851,300
11/12/98 12.250 13.750 11.437 12.375 6,164,000
11/13/98 12.937 13.500 12.250 13.125 3,883,500
11/16/98 14.937 15.375 13.562 14.250 6,082,500
11/17/98 14.437 14.625 13.250 13.625 2,787,900
11/18/98 13.625 14.062 13.125 13.687 2,381,300
11/19/98 14.000 14.125 12.500 12.625 2,488,400
11/20/98 13.250 13.437 12.750 13.187 1,887,200
11/23/98 13.500 14.125 13.250 13.875 2,394,800
11/24/98 14.250 20.000 14.125 18.250 29,638,000
11/25/98 19.875 22.500 19.000 21.437 19,825,300
11/27/98 23.500 32.687 22.687 31.625 15,620,200
11/30/98 39.250 40.250 22.250 25.500 27,199,700
12/01/98 21.750 28.062 21.437 25.187 14,225,900
12/02/98 23.812 25.312 21.500 21.625 6,605,100
12/03/98 20.125 20.875 15.250 16.062 12,979,700
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