To: LemonHead who wrote (8068 ) 8/4/1999 11:25:00 AM From: OldAIMGuy Read Replies (1) | Respond to
For those of you looking for a new technique for making money AND a potentially lucrative IPO, please read the following news item:CLUE TO INVESTMENT SUCCESS FOUND "I couldn't believe it! Normally I'm glued to CNBC from Five AM (Eastern) until late in the evening. The only time I look away is to make a trade on-line." So says Minute Trader "Rapid Ralph" Robotski. One of a new group of market traders that quickly range in and out of the market - sometimes in less than a minute - Rapid Ralph really can't afford to leave the TV or the computer terminal. "Most of the time I don't even look up the name of the stock in question. I just make sure I read the ticker symbol correctly on whatever the stock is that they (CNBC) are discussing." Robotski says many investors spend way too much time on fundamental analysis and that his minimalist approach frees up more time for actual trading. "one of the Three 'ESS's." His wife, who normally doesn't disturb Robotski between 5AM and 10PM other than to bring his favorite - Ma Baensch's Herring Tidbits In Wine Sauce with cream cheese on Trisket crackers - had momentarily switched over to the "Regis and Kathy Lee" show. "I didn't even notice that it wasn't CNBC!" exclaimed the excited Robotski. Rapid Ralph continued "These folks are Effing Geniuses at picking stocks! Any time they mentioned a company or product, I bought and bought heavily. Immediately the price would soar - usually by at least an eighth of a point!" It was only when the show concluded that he realized that he was watching something different than his usual station."Eventually we'll get all the shares outstanding, even if it's just for a minute or two." They theorize that even the Buy And Hold shares will eventually pass through an estate and become available as trust departments sell off assets. tracking stock with the symbol RKLS on the NASDAQ. This IPO will be 98% owned by the network with a 2% public float. However, with 2 Billion shares in the issue that means 40,000,000 shares will be available for trading. The IPO, expected out on Labor Day, is anticipated to open for trading at a price of $25/share. This will bring to the network a cool $1 Billion. That should help to pay the salaries of Regis Filbin and Kathy Lee Gifford during the first year of extended show time. "We'll see!" when questioned about this new departure for usual programming. Brokerage houses indicate that traders are more of the "We Believe"
