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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?


To: Honor+Integrity who wrote (2364)12/22/1999 8:46:00 PM
From: Tom Allinder  Read Replies (2) | Respond to of 4792
 
TREY... Some problems. First of all they hire a PR firm which they probably paid 500-700K shares which I am sure they have liquidated most of by now... Then the stock is featured by a certain web site and newsletter... I mentioned that here last week when they came out with it. I have never seen anything this newsletter features go up appreciably. Looking back on the stock, it is obvious that it was front end loaded prior to being run by these people... As we have been buying, they have been selling and this is why the stock won't move...

Funny thing about PR companies and other stock moving vehicles... They sell most of their stock as soon as volume comes in. It doesn't make sense to me... they all do it. I ask them.... "Why don't you hold onto the stock and sell a little as it goes up instead of dumping into the buying that you create?" ... They can't answer; they look at it as quick, free money... They don't even believe their own hype and press releases.

From now on when a newsletter picks up one of my stocks, I am out immediately...

This goes for all newsletters, brokerages etc...

Here is the gouge:

Strong Buy= sell entire position immediately.
Sell/Strong sell= Buy the hell out of it.

IF a major brokerage issues a strong buy it means they have a nice position and a nice profit and want the masses to jump into their extended stock so they can start liquidating. This is perfectly legal for these big boys/gals to do this but if I hype and dump, I go to jail.

Tom