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To: Anthony@Pacific who wrote (7933)3/24/2000 10:48:00 PM
From: uthabros  Read Replies (2) | Respond to of 18222
 
I'm sure you've heard this before and my opinion of you before I joined S.I., good or bad,is not really of any importance to your life , but, Your post back to me with that info has turned me 360 degrees in the original opinion of you that I formed by reading weeks of posts on this thread. I don't have a clue as how to short a stock and realize it is not for the uneducated to do so, and I'm sure someone will say I am kissing arse here but, screw them. You, and I mean this in humor, the famous published short in wired, have taken the time to post to me, who you don't need to respond to and for that, I now have alot of resspect for you. Thanks



To: Anthony@Pacific who wrote (7933)3/24/2000 10:58:00 PM
From: buffaloha  Read Replies (1) | Respond to of 18222
 
So...

...following point #11, next Monday ought to be a great buying opportunity.

...#1-6 sound awfully absolute, there have to be exceptions which make people very happy...

...extrapolating # 9, we must also never believe a short who has a short position and stands to gain from trashing the company...

...the rest are rather so what...

I do, however, agree that this is all like a "Casino" ... basicly luck a lot of times based on timing and news. Unless you are a short and can muster the troops to orchestrate a stock "hit"... only then are you really "beating" the odds. That is what I think your next book or movie will really be about. As soon as some of the people who attempt to write about stocks finally figures out what the real scam is that is going on here. No one has picked up on it yet. We'll see...



To: Anthony@Pacific who wrote (7933)3/24/2000 11:09:00 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 18222
 

A@P 15 Commandments of Trading:( Had To add to protect the incredibly naiive from suckering others in )

1.) All News is Bad

2.) All earnings are bad

3.) All IPO's suck, the secondary mkt is geared to kill the public )

4.) NEVER EVER BUY On an analyst UPGRADE from major firm,, including short calls BY WELL KNOWN SHORTS, ie Asencio < ( LEHMAN and Painewebber are two of the worst Firms as are GSCO and Bear Stearns )

5.) Never Buy a secondary

6.)When supply meets demand get out ( known as volume spin )

7.) Allocation Must be adhered to,..No more than 10% of a portfolio in any one position and ..Enyty points must be spaced , each short entry should increase your avaerage by 10-15% otherewise it isnt helping you

8.) HIt and Miss Rule applies to the smallest accounts ( zero risk acceptable)

9.)Never ever believe a shareholder or the Companies IR dept or any Officer. They are buyers and liars

10.)News for small Companies linking them with bigger companies is almost always a negative hidden as a positive

11.)Never allow yourself to buy after BIG news HITS, short into strength and buy on weakness( when it feels most unnatural )

12.)Never Buy into Huge percentage News( ie revenues up 2000% inernet hits up by 700%, webviews up by 26,000 %and BS like that )

13.) After hours trading has been labeled by ME as the "Casino", and all trades done after hours are 100% meaningless on the following days open

14.)Companies that Practice putting out news at the close, shortly before or after are almost always scamming the public. It is a sign of a fraudulent attempt to fool investors, without oustside critical analysis

15.) When a stock gets halted, it is forever damaged and worthless as an investment