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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (8008)7/24/2000 7:15:07 AM
From: Wayne Rumball  Read Replies (1) | Respond to of 11130
 
GOOD MORNING SILICON INVESTORS!!!!!!!

Today we will find out if the BB's are really on a run. Get your money ready.......



To: Wayne Rumball who wrote (8008)7/24/2000 8:11:45 AM
From: ChrisJP  Read Replies (3) | Respond to of 11130
 
Hi Wayne,

I think you're overlooking what I call "The Stockpit Factor".

It goes something like this:

1. Wayne see something on his scan
2. Wayne mentions it in the stockpit
3. Mysteriously, for no apparent reason, the price shoots up within a few minutes, lol
4. By the time Wayne is able to submit his post to SI ....

This doesn't always happen, so I'm not implying that anything is pre-planned, and there are several variations of what happens to the stock after you post on SI. But for this "pitless guy", I have to take "The Stockpit Factor" into consideration everytime you post something during market hours.

In the case of PNAC, after the burst, there was a sharp selloff, giving others a chance to buy. I have seen this happen more than once and have actually profited from it in some cases (ISSS last winter, for example).

Just my thoughts.

Regards,
Chris