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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (19432)	4/1/2000 11:21:00 PM
From: Ken W	Read Replies (2) \| Respond to of 29382

Hi Arnie: Message 13319071 Notice the statement in the bottom paragraph..LOL Fri. was the "get in day" disguised as "window dressing" for the end of the Q. I've notice of late that "story stocks" are selling off just before the news rather than moving up prior and then selling off. The last week was just a larger picture of the same manipulation that we see daily on individual stocks. Look at ERICY as and example. Broke the 50 day moving average down on larger than twice normal volume. Perfect short trade TA...opps........"4 for 1 stock split and buy back" Shorts get hit in the ass and the guy that sold in a panic now gets to pay higher price for the stock he owned yesterday...BS!! In regard to your CNBC comments...ture so true. These people on CNBC are to be reporting the news about companies as it happens...not issuing their opinions or research about anything. Faber is the worst of the bunch in my opinion. He makes some phone calls, speaks to "sources" and reports what is going to happen before it happens. Then, as in the Iridium sound byte the other day makes statements like..."piece of equity" and "ignerant investors" that have bought the stock recently. I'vve never owned Iridium but have seen some pretty decent momo trades on the stock, long and short. The trick to the whole game Arnie is to figure out the next move before it happens. Protect capital and not be greedy. Never use margin, except short selling. In general, trust your charts, read, read, read. Never quit, that is what "they" want. One of my largest driving forces in trading is one day there was one of the "ol boys" on CNBC and he actually said "there is too many of those people driving Mercedes Benz" (he was speaking about daytraders) I don't drive a MBZ, never will, but I'll be damned if some other jerk is going to make the call for me!! Ken