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

To: Mama Bear who wrote (54724)	4/18/2000 9:07:00 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 122087

Barb - following your post, I returned to 'the scene of the crime' (that is, the actual trading activity of ARIA during the period in question). The story is actually worse than I had initially described. Tony focused on the day that Ariad made a news release regarding some new patents: January 11, 2000. The stock closed @ $4 7/16 the day before. The stock closed @ $6 11/16 on January 11th. It turns out the $2 profit made by Tony was an intraday short sale! This is the only possible explanation that is consistent with both the data and the wired article. So Tony gets this publicity - publicity where it appears he made a prudent judgement call - based on the normal type of wild stock fluctuations when a company makes a very positive news announcement. And on the day that Tony made this 'great call' the stock closed UP OVER 50%!!!!. How can someone be credited with a great short call when the stock closes UP 50% on the very day? More to the point, how can someone be credited with a 'great short call' when that call covers a period of maybe two hours??? And finally, how can someone be credited with a 'great short call' when the stock has closed ABOVE the January 11th price every day but 4 since then and those four days were not only within a week of Tony's short but the closing price was never more than ~1% below the January 11th close?? I'm finding that the ENTIRE ARIA short call was BOGUS. I wonder how much more of his reputation would similarly evaporate upon closer inspection? ---------------- Regarding, VASO, you are correct that you would have done better investing in that stock on Jan. 11...but MUCH better is a matter of opinion: ARIA increased 6.4X from 1/11/00 to its peak on 03/03/00 ARIA is now 1.6X above where it was on 1/11/00 VASO increased 9.6X from 1/11/00 to its peak on 03/07/00 VASO is now 3.1X above where it was on 1/11/00