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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (23073)	4/1/2000 10:52:00 AM
From: fishweed	Read Replies (1) \| Respond to of 57584

Rande - Here's a sad message posted on Kimberly's thread last Thursday........and that's his last posting. Message 13318711 fishweed

To: Rande Is who wrote (23073)	4/1/2000 11:59:00 AM
From: bobkansas	Respond to of 57584

So does this give us info on how to approach the market when the next 4-day margin liquidation play happens i.e. wait to buy until near the end of the fourth day? Best regards, BOB

To: Rande Is who wrote (23073)	4/1/2000 5:41:00 PM
From: KM	Read Replies (1) \| Respond to of 57584

Re: margin liquidations. I bought SCON yesterday at 29 1/2 and 30 - an almost unbelieveable price considering the run it's had. I am certain that I got it from some poor guy who was getting sold out. Although I was happy to have the easy money play, it didn't feel that good thinking that it might be on the back of someone who was getting wiped out.

To: Rande Is who wrote (23073)	4/1/2000 7:24:00 PM
From: Condor	Respond to of 57584

There are many tradgedies played out in this carnivorous game of investing that we all partake. The following post reminds us all to be responsible in our posts. There are huge numbers of inexperienced players jumping on this wagon and they are very vulnerable. To some extent they are our wards and we have a moral obligation to be on the lookout for their well being. siliconinvestor.com. This person has not posted since and I can only "pray to God" that no ill has befallen him. Regards C

To: Rande Is who wrote (23073)	4/1/2000 11:01:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 57584

Rande, found your post on 4dml very well written and interesting. I've seen this time and time again even at times the naz wasn't crashing. IMHO, it's criminal. Take Mzon for instance. Stock goes from $5 to $17 in one day on bullshit news. Sure, it's stupid to pay $17 for a stock that was $5 the prior day. But it's also stupid and criminal to push it up that far. And you know the mms or brokerage houses did that to lure in more suckers. Well, in 5 days it hit $7 again. Just pathetic (no, I did not buy it). However, I've had stocks that have gone down as much as 35% in one week on absolutely no news. And not a high flyer. They create these dramatic moves which only serve to create margin selling. Which then depresses the stock even more. Your points about margin buying are very well thought out and correct. In this vicious market these days, it is absolutely the worst thing you can do. Rambus from $70 to $470 in weeks then down to $220 just like that? Come on, what kind of crap is that? But it does go to show you the houses are equal opportunity screwers. Caveat longs or shorts. It certainly works both ways. Incy from $110 to $290 to $70? Come on. What is it really worth? A very astute trader friend of mine recites this chant over and over. "You just can't buy a damned thing anymore as an investor. You've got to take your profits and run with 95% of the stocks out there" How true.