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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Scrumpy who wrote (56851)8/22/1999 6:50:00 AM
From: kendall harmon  Respond to of 120523
 
scrumpy, I first ran into him via the net and some of the publicity surrounding him maybe 2-3 years ago. I have never paid the fee, because I could not find myself in sympathy with the methodology apparently used. Be careful is good advice.

I confess I have been tempted to see what his world is like for a temporary period, though. Consider that in Ms. Morgenson's article he is alleged to have some 900 members (I have heard higher figures, and have never seen firm ones). They pay some 100 or 200 a month ( depending on whether they want just an e-mail alert or a chat room too). That is not just chickenfeed.

Then look at just two stocks he has called recently, ACTM and IMAA. They both made significant moves. He sends an alert, his subcribers jump on, and then non subscribers get in based on volume and price alerts [https://www.siliconinvestor.com/readmsg.aspx?msgid=10959713]
(He does not usually post his alerts on his website until many hours after an alert, so a morning alert can sometime be posted after the close). These stocks sometimes make 2-5 day moves and he is alleged to have made more than two million dollars this year.

People like this are part of the new world of the net investing from now on. I think you can ignore him or be angry at him, follow him, or be aware of him and use that knowledge to choose whether to trade knowing he is on a stock. I choose the third option.

Perhaps one of the more revealing comments recently was that of a person on the ACTM thread on yhoo who said: who is tokyojoe?