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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (51819)	2/16/2000 7:15:00 PM
From: Anthony@Pacific	Read Replies (3) \| Respond to of 122087

here is the journalists comments regarding his purchase..The fact the stock took off was because of his ridiculous 10,000 % fiorecast: BOTTOM LINE he needs to resign...he read a few articles and talked with some shareholders Gee whizz...who else did he talk with?? <sigh> interesting debate. here's my quick story. also posted in another thread. I did buy a trivial amt of SCONE a week or two ago in what I expected to be a somewhat short-term trade after it came up in my New Highs screen. someone had mentioned it to me in email last year and in one of the threads here as a potential 100x stock, but I didn't think it would make the grade. the technology seemed too far out, and I didn't think it was a big enough market. but the name stuck with me, and when I saw it in my screen, I took a half-hearted swipe at it. then over the past weekend I had an random conversation with some people about the prospects of super companies in the wireless space, and started digging into the SEC docs of SCONE and Conducts. I was very impressed with Scan's backers -- esp. Hillman, Madonna and Trademark -- and then I read an article in Wireless Design Online at Vertical about the really large size of the opportunity. (here's a link to that piece.) I did some more reading of news stories and analyst reports; and finally I had a chance to talk to the company and a Trademark investor. got pretty fired up. at that point, I knew it was a prime candidate for the 100x team. but what to do about my "trade?" if I sold it on Monday before writing about it, then I could be accused of not having the courage of my own convictions. I could have also waited a couple weeks, but I needed this part of my column as my only other current candidate had run up a ton recently. so I elected to just hold it, write about it, and disclose -- and grit my teeth 'cause I knew there would be complaints. if you think my handful of shares presents a conflict, then stay away from the name. I'll hold my shares until the story changes, and probably add more sometime after our requisite two-day waiting period at Money. (everyone on our team is prohibited from buying/selling shares two days before or after we know a stock will appear in our columns.) finally, I agree with Nancy: I am sure the move today had much more to do with the company's announcement of new orders than it did with my column. ... when a company starts moving away from development stage to actually getting orders for its products in bulk, it is a big deal. ... we already know the institutions own this stock, and as the story improves they will buy more. if you want to look at their beneficial owners -- who own many, many multiples of my tiny stake -- i invite you to click here for the top 10 holders list at Marketguide or click here for the most recent Form 13D and 13G filings at FreeEdgar. after you check out these filings, it'll be more evident that what compels the trading of 5 million shares of a stock isn't some journalist, but the company itself as it executes on promises it has made to the institutions who own 9mm+ shares (Hillman Co., Tredegar, Dimensional Fund Advisors, Goldman Sachs et al). jon ps -- agreat to hear people on this board mostly have learned never to buy ANY stock at the market at the open. ever. ever. ever. no matter what.