To: HandsOn who wrote (47750 ) 12/17/1999 11:36:00 PM From: Paul A Read Replies (1) | Respond to of 122087
Interesting conversation your touching on here John.. now many will disagree with me on this.. and im not trying to start a huge arguement, but conversely- Anthonys 'power' can be VERY dangerous.. Take ADSP for example.. You have all these people shorting the stock naked, along with all the shares available here with traditional brokers, and boom.. ingredients come together and the stock goes into play.. You would NEVER have seen such a surge on a stock if it hadnt been so heavily shorted at $10-13.. almost all retail shorters mind you.. So yes, groups have the power to make a stock move in the short term, but when it goes bad there are only so many people who can fit thru the exits.. I often wondered what effect naked shorting has on a stock.. It definately isnt normal... and thats another big concern of mine.. I also think that the criminals behind alot of these scams are not as 'stupid' as people make them out to be.. I can tell you first hand that despite how the media claims the mafia is a washed up bunch of stupid Italians who talk like sly stallone- or John Gotti, I can say that nothing is further from the truth.. These people want our money, and watch these threads, and watch Tony, Jenna, Tim Luke.. I think alot of the 'gurus' on S/I dont realize just how important they are.. If I was running a scam company? and my stock went into play because of some silly linux annoucnement? I would LOVE to see Anthony or Pink, Auric, or whoever- announcing it was trash and to short the hell out of it! That second I would sit back and setup another bogus hype release to squeeze each and every one of them! I honestly believe now that it is much safer for someone like myself with limited reserves to short stocks like LU, DELL, CSCO, MSFT than it is to short total crap like ESFT, ZIXI, KIDE etc etc.. Eventually they collapse, but in the meantime- no money management program can save you from a gap open of 10-20 points which is becoming the norm these days.. When did Lucent ever open 10 points higher? Hell.. I shorted LU at 82 1/2 a few weeks ago, and covered at 76.. Worse case scenario, it gaps 2 points and I cover.. Easy to manage the money! I shorted a few shares of BTWS today and gave that profit back.. Tell me they didnt pump that press release out just in time to make the stock take out resistance levels.. not to mention that there were a few folks on ranging bull and yahoo that had the inside scoop.. The only difference is, if you have deep pockets you can sit in a stock like BTWS and just keep adding and adding to the position until the inevitable happens... ramble ramble.. I just think that there are pros and cons with using any organized group of investing.. no sure things.. and although being a member of the 'group' was probably the best thing I ever did for myself, I made the decision to move on for the reasons stated above.. now- I will say that Tony is probably the best trade I have ever come across in my entire life.. Within minutes of a press release he can make a decision on wether its real or hype.. He has perfect balance, and a weird ability to feel out what the market is doing.. Nobody I have ever followed in all my years of grubbing has come even close to his uncanny accuracy.. but all that said- Wallstreet has become a joke in the last 2 years.. but more so in the last 3 months than ever before in history since the great depression. Just buy buy buy.. its very unhealthy, and I honestly feel that we are going to pay a huge price for this 'party' in the next year or two.. I just keep thinking of Japan... oh well.. im full of hot air tonight.. sorry folks... just babbling here..