To: SMALL FRY who wrote (52524 ) 7/24/1999 2:13:00 AM From: Jenna Read Replies (1) | Respond to of 120523
CACS was second choice and CMTN was my first actually. The earnings seemed to be exceptional for CMTN and I had already played CACS successfully. But its funny how we read things. My opinion is always that if a net stock is gapping and the earnings are excellent look upon it as a runaway gap and get in before it goes higher. I can say that worked for me 90% of the time. The only trouble is that lately not all of them gapped up but some like FFIV actually lost ground so I was a little hesitant. Then there was the business with PHCM which I had a feeling from yesterday's experience that I wouldn't get out in one piece. And it did take to sells to get rid of the entire position although it was intact. But what I lost was by 10:00 VRSN, ERTS, and CREE were already up so I missed the boat on all of those. The best part of the day was seeing WAVX stay up in a down market. Then getting out of the oex was not a hassle but all this is time consuming and you miss the better trades. So actually the best part of the day was I got that 'familiar feeling of emptiness" after I sold PHCM and when it improved from -5 to -3 3/4 I wanted back in and pulled the trigger once again, but this time for less shares. In a matter of 15 minutes it was only -3/8, its unbelievable how you have to make instantaneous decisions and then post all at the same time. I was perturbed by the article in the Wall Street Journal. Not so much about A@P, I've been left alone so far, but that I was so right in that these people were actually 'forcing' down our net stocks and it just irked me. Like you said before there were times Lee was long NITE and I was short NITE and there was no bickering.. Or once OJ was long RNWK and I was short RNWK, big deal. We will learn to recognize who is friend or foe. It will not be difficult. I have been advised to sav all my PM's because it seems that SI has those PM's. I never even knew they had access to them. They are picking a time that is most volatile to annoy us because of the infiltration of the FED scare and interest worries, the earnings season which is actually one of the best I ever remembered is so volatile with some good stocks going down and mediocre stocks moving up so much. But think, this is just the ripe time to get everyone in a tizzy and panicked about getting the nets so they will utilize the natural panic to create an avalanche effect and get those hi flyers down via controlling the message boards. They can't succeed especially with exposes like the one in the paper today (again I mean it generally and not A@P in particular) I have no acrimony with him. I checked out the last 'two posters' and saw where they were coming from. Its all to clear, discredit the host whether it be the gems thread, the MDA thread, the big kahuna, tiger investor, and then when there is no 'leader' the stocks will fall because panic sets in. This is a 'professional' scam just like your ordinary con artists. Its manipulated but we can control it. Its also easy because they don't know the facts, have never followed this thread 3 months not even 3 minutes' and say we call earnings plays AFTER earnings showing they have never even looked at an earnings calendar. They have never even looked at a watch list. These are just small example that show these 'implants' are not doing their homework and they are coming aboard now in an arena where the Wall Street Journal (how reputable can you get) will start smartening up the traders. They can't control the message boards of SI because Bob is now being made aware of the depth of this problem and he has the best interests of SI at heart. YHOO is a lost cause and I never go there. We have over 6,800 who bookmark this thread and its no wonder it is chosen as one of the first to undermine. When we have the chat room it will probabl hold room for a few hundred and then these infiltrators will disappear. All I ask is don't be defensive in a way that can get you castigated. Look ONLY on the stock charts, analysts news reports, and earnings news. Never listen when someone completely discredits an entire company, its CEO, product, etc. Its all part of the private agenda and it works with stocks that are not that 'big deal' like CUST, STMP, and now WAVX. I can tell you in advance I will hold WAVX until the cows come home if I want or go long any of their shorts if I deem it is the right course. If a stock is particularly volatile I won't put in on the watch lists where novices might get hurt but will mention it on SI so we can 'bandy it about' between ourselves and those we trust. This same information is being circulated among other thread hosts and we will regain our privilege of posting, trading whether long or short without harassment, baitings and any wiles to undermine our trading. I have been personally called by the Wall Street Journal on two occasion in the last 2 weeks but I have not elaborated, not thinking it best for the moment. If it continues, there will be more articles in other financially respected journals.. On other threads I can't control it but on this thread we will.. and we really have already won. Just look at the charts of PHCM,CUST,STMP and lately WAVX from June 17 and from WAVX the last 3 trading sessions. Sure these stocks will go down, like SNDK finally caved in today or DISH a few weeks ago or ADLAC, but it might just be a natural correction. No one has the right to ridicule our trades, our the companies. Very good people are getting hurt. I have no personal agenda here. I found PHCM, CUST, STMP all on my own never even knew they were on shorters lists until the PM's starting coming. WAVX I found and liked it a little and a little more each day. I reserve opinion as to the future of any of these stocks but it won't be the 'flecks' that will dissuade us.