To: KeepItSimple who wrote (100335 ) 4/17/2000 From: August Read Replies (2) | Respond to of 164684
KIS. Man like you make the world a dimmer and colder place. Mean-spiritedness such as you displayed only incubate bitterness, resentment and extremist or even inhumane ideologies. Wishing for and relishing the demise for a fellow man--one as honorable as William, no less--should have no place in a civilized society. Although I disagree with William on many of his fundamental arguments, (in fact I think some of his arguments funky--such as buying IVillage because he likes women), I respect him as a man of integrity and even intelligence although sometimes misguided. In the past, when you were betting your "entire networth" buying short-term puts I urge you caution, for repeatedly doing so will guarantee the destruction of your "entire networth". (I was also cautioning bulls on margin use, because of impending collapse of the inernets. As it turn out I was right on both counts.) My heart went out to you, when based on your posted options trades you lost your entire networth, which must have been substantial based on your claimed enormous success in business. I began to wonder the second time you lost your entire networth. After you lost your entire networth a couple of times, and still come back to bet your entire networth. I realized my heart went out to the wrong place. In my eyes, integrity and a kind heart counts more than whatever enormous business success and wealth you may have had. you said,Message 13412756 >>>The painful truth, which William will soon surely discover, is that 99% of internet related stocks are nothing but penny stocks pushed to unrealistic levels by daytrading and momo hordes. His financial destruction should be entertaining-<<< PS: These stocks reach totally unrealistic valuation not because of daytraders. How could some one buying 1000 share and sell it a few minutes later possibly affect the price level more than a few minutes if at all, not to mention the unrealistic valuation lasting for weeks or months. These stocks reach such unrealistic valuation because of 1) the massive and merciless short squeezes engineered by big money, (I'm sure many on this thread and many no longer here can testify to that) and 2) mom and pop type believing in the hype of unscrupulous analysts simply because of the highly respectable blue blooded names behind the analysts. All those $1000 price targets for a $20 stock. And after mom and pop bought at $117, oh, by the way the $1000 target does not reflect the recent 3:1 split that happened BEFORE I gave the $1000 target. These massive and merciless short squeezes that completely demolish the shorts, also remove the floor of supports for these stocks from short-covering. And when wall street decided that it can no longer easily profit from lifting these stocks any higher, and will instead profit by bringing stocks down, these stocks simply fall into thin air.