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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: New Economy who wrote (17538)6/23/1999 10:26:00 PM
From: Roderick  Respond to of 62347
 
OT...NE: I think you are referring to the COR (COS at the time) situation. Firstly, it had been on a number of people's radar for a while so its not like NG intiated the MOMO with his talk. If you read his post again, I'm sure it isn't anything that would have gotten anyone excited. Secondly, I am sure almost everyone saw through his charade and were not hurt. If anyone was hurt, I am sorry...but then again, what are you doing taking the financial advice of someone you don't know?

BTW, I, for one, appreciated your attempt to, as they say in the 'hood, "call him out" the other day. <g>.

Rod



To: New Economy who wrote (17538)6/23/1999 11:00:00 PM
From: Lola  Read Replies (1) | Respond to of 62347
 
Hi NE, I have to make a statement after reading some of your posts regarding COS-T. I noticed that you bought into the stock way too late. As soon as I saw you post that you had bought the stock @6.00 in anticipation of a big gap up, I thought to myself "what the hell is he doing?".

Nicholas brought up Corel long before it was even at $5.00... actually he had been talking about it for a few days. He said his target was $6.00. Now if you had been paying attention, you would have come to the conclusion on your own that he would start selling around that price. When somebody says their target for a stock is $6, you don't go and buy it at $6. Also because he has a large position to buy and sell, It wouldn't make a whole lot of sense for him to keep posting his buys and sells in realtime. It would become quite tiresome for all of us.

I could have chased the stock to $6 like you did but I didn't do that. I took my partial fill at $5.65 knowing that even at that price it was a risky trade. I should have bought it under $5 like Nicholas did... I am the only one to blame for not doing that.

Nicholas has already apologized for what he did but I don't think he had any bad intentions. What you need to do however is analyze your own weaknesses in that trade and learn from the mistakes you made.

I really don't think that you are justified in blaming Nicholas for talking up the stock after he had bought it. If you go back and read his posts, you will see that he gave us ample warning that COS-T would start to move when it was still well below $5.

Lola:)