I'm with you Patsy. Although I'm not a MM in this stock, I find the paranoia in here very troublesome. I've been offering advice as best as I can but I still read about people who, SUPPOSEDLY, get in at the bottom and then get upset when the market turns and they don't get out at the top, 50 points in the money!!! Or, even worse, they don't take profits and then complain when they're not the first out of the door during a stampede.
PEOPLE, GET REAL. IT'S TOUGH FOR EVERYONE IN THESE CONDITIONS.
THIS IS UNPRECEDENTED!!!!! I don't know of a single person, MM or otherwise, who "knows" what is going on with these stocks and no one, not even the MM's with a level II, can consistently buy the bottom and sell the tops. Not even close!!
For those of you who preach this paranoia of MM's directing this stock....... it's time for your enema because you're full of it!!!
I'm a professional and the story is simple. Thin stocks with little floats (i.e. CMGI and almost every other internet stock) spell stupendous runs and disatarous drops. They will routinely gap both up and down and no one will stop it unless the companies themselves issue more shares, period!
If you've owned this stock for even a full week and didn't take profits then..... what can I say? You're either a pig or a moron. Shooting for the moon is fine but don't complain if it digs it's way to China as fast as it went through the stratosphere.
I realize this is the strongest worded post I've ever written but I can't stand all the bitching that's going on. For every person that gets rich by this internet craze, I'll bet their are ten who've lost their s---t. So here's my advice: No one ever lost money by taking profits off the table and sitting on some cash. Try and get in the way of a moving train and you're asking to get run over (then it'll back up just to make sure you're dead). Don't pick the bottom or the top and you'll do better. Wait for Tues., at least, to get back in. Get in small and then add when you feel it's calmer then now and you feel safe.
Good Luck All,
Jon |
