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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: fishweed who wrote (425)3/28/1999 9:23:00 AM
From: Kimberly Lee  Read Replies (1) of 108040
 
Not much. The reason I bought UBUY in the 1 1/8,1/4 area on Thursday was due primarily to 3 reasons.
1. technically very strong as it bounced very strongly at 1, filling the gap from 1 to 1 7/8, on its way up with increasing volume.
2. knowledge that mms shorted many shares on Monday and did not expect another wave of strong buying this soon.
3. Seemingly good news with AMZN (it's no big deal being an associate with AMZN; I can probably become one within 10 minutes, but people buy into it)

The catchy name is of significance only if there is already strong momentum propelling the issue. For understandable psychological reasons, it's far easier for momentum players and hype artists to evoke herd buying (or selling) responses in various threads and chat rooms if the issue has a catchy name.
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