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Strategies & Market Trends : Moguls Gold- A Thread That Thinks Like a Fund Manager -- Ignore unavailable to you. Want to Upgrade?

To: Michael Auth who wrote (246)	10/21/2000 12:03:53 AM
From: Sojourner Smith	Respond to of 303

I read most of $moguls posts of the past the year and most picks were IPOs, which have been dead the last 2 months. He seemed to use TA some and level 2 some, he did seem to hype and many of his picks were close to the bottoms. Tokyo Joe in contrast, would post after stocks had already gone up some. Both TJ and Kimberly would often post a $10 stock and before I could put my order in, it would be $14, and then it would fall all day. KOREA was a mistake $mogul made, I thought it would be good too since IIJI and CHINA did well. He did not hype it though, like TJ hypes his stocks. If you track some well known pickers like market gems or sir realist, even if they mean well, it's like flipping a coin and 50% success will not work even with stop limits. Even with great dd, a stock pick can go bad. I was in a bb called PACE, I am related to a co-founder no longer with the company and I called about 6 key players. I read and studied for 1 year and past years all SEC forms. And I called banks and lawyers who signed some of the transactions. I thought for sure a reverse merger would take place. May still, however the stock went from .40 to .80 to .16 and I averaged at .60. IMO one can never be sure.