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To: Syncrude who wrote (78)9/22/1999 8:36:00 PM
From: Lola  Read Replies (1) | Respond to of 106
 
Yes it concerned me that he posted a large trade on our momo thread without anything to back it up and the stock was already way more than 50% up on the day. On the TSE that's a death wish.

I hope not too many posters on that thread got burned. It's never a good idea to jump from one fire into another.

When I asked him why he put $22K into a POS stock at such a high price, his response to me was because he wanted to make money. Well that was all I needed to know that it was a mistake. The chances of winning a gamble like that are at best 10% . . . he was extremely lucky that he didn't suffer a huge loss.

Sometimes the only way some traders learn the discipline required to trade properly is by getting burned badly.

Lola:)