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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (20945)12/30/1998 8:33:00 PM
From: Dave Gore  Read Replies (4) of 120523
 
Shady doings on IFLY, SKYM and others? Mafia involvement in the stock market? You all might want to read this if you have not seen it. A lot of millionaires and perhaps billionaires have been made this last few months. Don't kid yourself.
Even if this guy is a bit off-base, this is the kind of feeling that is starting to spread around Wall Street, so it is a must-read.

Message 7035698

I have been shaking my head ever since AMZN went public. New IPO's rarely were so badly priced by Underwriters in the past as they have been in the last few months. It was clear the people who got IPO stock were playing some serious badboy games. They knew the first trade would be dramatically above the offering price. This guy talks about other (possible) scams as well on IFLY and other stocks. It is not so much new news to many of us, but it really lays it out there for people to ponder. Part of DD you need to do, as psychology is changing radically on I-net europhia. All over CNBC today that the bubble may burst. Best to stay with stocks in other sectors soon or those like BIKR and FLYR and ENPT with real earnings.

DAVE
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