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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TRIIBoy who wrote (10901)7/13/1999 11:09:00 AM
From: Mr. Pink  Read Replies (3) | Respond to of 18998
 
Attention P$nkophiles: Mr. P$nk to go on summer vacation. He will try to return private messages but will be away from the computer for extended periods of time.

Happy trading and watch out for the crims!

MP



To: TRIIBoy who wrote (10901)7/13/1999 11:22:00 AM
From: lindend  Read Replies (1) | Respond to of 18998
 
A really ugly bear trap.

Stock rose from .08 to $4. No sales, no substance. Announced Letter of intent to buy a very small company. Huge market cap and people with "interesting backgrounds" running the company. Looks like a lay up.

Shorts jumped in and stock drifted to 2.5. Greedy shorts like myself added to their positions. Stock explodes to nearly 11 on no news.

Moral: no such thing as a layup. When dealing with suspect stocks, be VERY careful.

Edit: Truthseeker say's he'll have a report on GCDV soon.

Unfortunately for me, its too late.