To: dkgross who wrote (1055 ) 8/9/1999 11:33:00 PM From: Matt Brown Read Replies (1) | Respond to of 18222
Email - Concerning ECNC. You said you are wary and waiting because of the saying buy on rumor and sell on fact. Well you are absolutely right about the saying. The only problem is every time that holds true the stock starts to rise steadily about a week before the news hits and than bamm down it goes in the fact. BUT here (ECNC) the stock has been dropping for the last week so what do you make of that. Personally I think some of the MMs are selling their way out. They might realize this stock may fly and do not want to cover the losses they might incur if the stock goes up to much to fast. Any thoughts here. You can reply to me personally at (XXX)@AOL.COM or just post your response on SI. Also any info concerning your club would be appreciated as I am interested. Thanks in advance. WAXMAN Waxman, you are on the ball thinking here. I truly don't know what it is..But, I would have to disagree with you on the MMs. 90% of the time, they have no clue what is going on. They cover so many stocks, they only go by what is trading..most of the time. Now, sometimes, they do know. You also have to keep in mind that this E thing is very scary. Heck, Jordan freaked out..everybody did. I do'nt think anybody knew what was going on and quite a few probably still dont. It was called panic selling...Clueless selling..whatever you want to call it. Anybody remember SNMM and the lawsuit? Same situation here, but not as "big" and wasn't as quick of fix...Many people on the Inet that trade stocks use Yahoo. There is no quote for ECNC or ECNCE on Yahoo...That makes the uninformed freak out. YOu have to remember, you all aren't the only ones that hold this stock. People that don't read message boards own this stock and when they can't get a quote....watch out! Just some thoughts...anybody have anything else to say regarding this interesting email? FM P.S. I will probably set a limit order tommorow to get in for the first time....If I am online at the time, I will post the trade live, BEFORE i make the trade..on my thread... :-) P.S.S The club is capped.