Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1612)	7/7/1999 9:47:00 AM
From: Steve Smith	Read Replies (1) \| Respond to of 18137

PSEM on the verge of breaking to a new 52 week high.

To: - who wrote (1612)	7/7/1999 10:14:00 AM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Steve, Well I'm out of commission this morning as eSignal has decided to go on vacation. I had just mentioned how much more dependable it's been than in the last year or two. Murphys Law. Smith's weakness is market calling. Most technicians should avoid it like the plague. Smith also recently wrote a major uninformed piece on day trading, parroting the media orthodoxy on the subject. I like him because he's a decent pattern reader. His comments on individual stocks are clean and to the point. His breakout systems are pretty good for the position trader who doesn't need a lot of sophistication. As many have pointed out, you only need one or two bread and butter trades to make a living. He's limited and I'm sure his employer likes it that way. I like Cramer. He also tends to be wrong at the turns, although he'd like to think otherwise. I need his contrariness and knowledge of some of the inside crap, like that stock that went from $26 to $90 on 6/30. He also points out the hedge fund games very well. Overall I'm concerned thestreet is becoming another Barrons. The sour self-righteousness of their reporters and the bond guy who insists he's right and the world's wrong reminds me way too much of that weekend P.O.S. Alan

To: - who wrote (1612)	7/7/1999 9:57:00 PM
From: JB2	Respond to of 18137

Re: <his huge position was all based on insider "street whispers" and buddy recommendations. Hmmm...> Y'mean like this kind of neat little arrangement: Message 10191392 Like the man say: To play you have to pay.

To: - who wrote (1612)	7/8/1999 11:44:00 PM
From: -	Respond to of 18137

<re: Gary Smith on TSCM> I may have been too hard on a nice guy, Mr. Gary Smith from TheStreet.com in taking him to task here recently... I actually heard from the guy via email, he's a lurker here! ;) Or, someone sent him this way. Anyway, as he pointed out he actually closed his basket of wild internet short trades with a net profit, it was written up in a column that I missed. He admits to being "wrong" frequently on many trades (as we ALL are), but mostly what stands out is his quite personable and modest nature, which I would never claim to match. Now I REALLY feel bad for taking such a classy guy to the woodshed for a few lousy trades... duly admonished!! I promise to behave myself in the future <G>... -Steve