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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Apollo who wrote (23617)4/26/2000 3:42:00 PM
From: om3  Read Replies (3) | Respond to of 54805
 
INTF: Was this a pump and dump scheme?

Stan,

Thanks for posting your experience with INTF. It was almost identical to my own. I bought it at 72, watched with horror as it dropped to the teens and sold yesterday at 11 after reading their terrible quarterly report. In retrospect I feel that I ignored several suspicious hints regarding this stock and the way it was promoted. I read through the entire INTF Yahoo board and found many of the traits of a
"pump and dump" scam and am wondering if anyone else had this suspicion. There are many posts there supporting the company and hinting at an impressive quarter and hinting at a possible acquisition. There seem to be many "one-of" aliases which may very well be written by the same person or persons. The hunt report on the company is what caught the interest of myself and those who think in gorilla terms. Like you, I'm trying to turn this into a positive learning experience, so that in the future I can recognize the signals that I fell prey to. Anybody else have thoughts on this situation?

--Steve



To: Apollo who wrote (23617)4/27/2000 12:43:00 AM
From: tekboy  Read Replies (1) | Respond to of 54805
 
Newbies,

y'all may think that Apollo's greatest contribution to the thread is his surveying, but you would be wrong (well, not wrong but incomplete). At least as important is his ability to dissect his moves with searing honesty and rigor. Anyone who hasn't read his classic post-mortem on his Rambus investment, for example, should check it out and memorize it (search the archives around September, I think). This latest post joins the club.

It takes far more guts, and brains, to admit and critique a mistake than it does a success, so Stan, I doff my hat to you as always.

But I don't concede the record: after today, those pebble options of mine are now down 97.6%... :0)

tekboy/Ares@nexttime,tryLeviticus.com



To: Apollo who wrote (23617)4/29/2000 1:02:00 AM
From: StockHawk  Read Replies (1) | Respond to of 54805
 
>>Lessons learned, and still learning: ...Ignore the "impulse" buying urge<<

That is a difficult lesson indeed. When the market is running up, when we are making good money, that is when we are most susceptible. At such times the market does not reward due diligence. In the time it takes to thoroughly research a CREE or an ELON or a INTF the stock can double or triple. It takes much too long to be able to distinguish the gold from the rocks. Jumping first and asking questions later is immediately rewarded, and so bad behavior is encouraged. Until some time later when the stock tumbles and gains evaporate.

Right now it seems so clear, so easy. Yet I know I'm also still trying to learn this lesson.

StockHawk