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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: Bear Down who wrote (2269)3/15/1999 11:35:00 AM
From: Jack Turner  Read Replies (2) of 8858
 
I am losing a lot of respect for you. I actually said you were smart. Shorting SNMM at $7 and now again on this gap up at $8 1/4?

You must be blowing smoke. Come on. You do not short stocks that CAN explode. To suggest the move is over is a joke.

Last quarter SNMM reported .01 and that was good earnings but not great as many had hoped. The stock went from $1.25 ( high of $1.50 ) right back down to .80

It then stayed there for a week and in the second week traded up to old high of $1 1/2. About 3 or 4 days later it broke out and started its climb to $6.00 before pulling back.

That was on good earnings! I took two weeks to react, no more news followed. Stocks normally sell off after earnings report and IF they do not and go up you had better be a buyer as the odds are the stock is going much higher.

That is what we are doing. I will check your track record by following your call on SNMM.

I think it will be a very long time and maybe never that this stock is going to close below the $7 support level. And I am sure even you would admit that if it does it will not go below $6

Most likely this stock is going to repeat the same pattern as it did from $1.5 - $6

$9 = the old $3, therefore I am calling for a short term peak of about $15 before pulling back to and trading in the $8 - $12 range.

Nobody should short a stock like this for $1 gain when it can explode.

I think you are just trying to scare the weak longs. I plan to be in and out a couple times along the way to $15 with part of my shares. Short this thing? Only those who tread where angels fear.

PS I read the slammers creed regards suggesting when a stock moves on news, tell them the move is done.

And please, if you want to attack me as a hypster as your friend Flo suggests at least provide a link so people can see an example.

The above is based on TA not pie in the sky crap. I do not fall in love with stocks and the only use of hypsters is to allow me to make a bigger profit however I do not play the game. I only came over here due to the word out on you three over at RB.

So I predict you is going get burnt on this one. That's cool. Even the best are wrong. Hope you have learned about cutting loses. This could really hurt.

All I know is this is costing me money, SNMM just moved to $9. Need to take a little profit.
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