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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (81940)12/22/1999 10:29:00 PM
From: Stuart T  Read Replies (1) | Respond to of 90042
 
There will be a lot of people off tomorrow from work and they will be tapping at their computers. Many people will get burned by the momo action. We need to be careful.



To: Tim Luke who wrote (81940)12/22/1999 10:38:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 90042
 
from a lurker who pm's me but can't post.
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. Tim,

Looks like I missed out on the new private thread.

My computer has been down since the weekend. Just got it running again.

At close Friday I was at $5,200.
At close today was up to $8,700.

Apparently I do better trading on the phone.

I tried to catch up on your thread and it looks like you already made your move to the private site while I was out of touch.

If you want to ,
please post the following on your thread : **

_____________________

I am sending the following to show the difference between Tim, with his concern for those who know less than he does, and the dangers that can face an inexperienced trader perusing much of the rest of SI :

After staying glued to Tim's thread for the past month, I drifted away over to Kim's thread on the day SBAS gapped up and then plummetted at the very end of the day.

By the time I sold I had allowed a huge gain to be reduced to a very moderate one.

Once the trading day was over I looked at Tim's thread---WHERE THERE WERE OVER A DOZEN WARNINGS from Tim throughout the day to get out of the stock.

I picked the wrong day to look away.

I continued to stick with Kim's thread the next week--and had loss after loss, to my puzzlement.

On Friday, Tim came on Kim's thread with a barrage of posts attacking certain pump and dumpers who had been posting there and the advantage they take of less experienced traders.
I was the one who should have writing those posts.

Now I know what Tim means when he warns about the dangers of the market and the fact certain issues are in treacherous hands.

An expensive lesson.

I only hope I learned it.