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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Stock Farmer who wrote (2448)3/18/2001 2:42:57 PM
From: tradermike_1999  Respond to of 74559
 

<<For carrying on an undertaking of great advantage, but nobody to know what it is. >>
I was amazed that the guy actually managed to scam 2000 pounds (maybe 10 M$ by today's standards).

Anybody remember the runup to Transmeta?

History doesn't repeat, but it sure sounds the same. I couldn't help thinking "Internet" (new world), "CSCO/MSFT/INTC..." (South Sea Company) and the rest of the NASD Tech (Bubbles).



In 1999 there were several companies that I think were outright scams floated just to take people's money. My favorite was one call B2bStores.com. At the time so called business two business stocks were hot. It was a website started by a janitorial company with 4 employees. They raised about 100 million dollars and the two founders sold several million shares during the lockup. Site costs several thousand to make.



To: Stock Farmer who wrote (2448)3/18/2001 4:57:03 PM
From: tradermike_1999  Respond to of 74559
 
The Mackay book is in the public domain and doesn't have a copyright for it. I'm thinking about publishing an edition of it myself with the addition of a long forward about the current stock market bubble. There are a couple of online books on demand publishers that will help you publish within a few months for a couple hundred dollars. They only print books that they get orders for and you get a small royalty like $2 a book or something.

I don't care about doing that to try to make money. I'm planning on writing several books over the next few years(only one about the stock market) and I'm curious about these books on demand publishers. Might be a way to try them out and see how well they work. Also be neat to actually put something in print about the mad market. Just a thought for now.



To: Stock Farmer who wrote (2448)3/19/2001 3:02:48 PM
From: bambs  Read Replies (1) | Respond to of 74559
 
it's about time we got a fomc run....i've been waiting for this....

I think we may only get 50 bps tomorrow and the market will sell hard and keep selling until we get a surprise cut to save it.

75 bp, if it happens will give us a pop for a few hours or days...depends on who warns this week and when...

I will be looking for warnings after the bell tonight...just like amat did in front of the last fomc...dirty trick but it worked for amat at the time...i think some will try it.

wow! nice rip here while i type...all the crap-o-la is running...

tomorrow could be the key turning point for the US dollar...t-bill yields will be lower then euro-bonds i believe...could really effect the way the next few months play out...i'm sure the euro-banks will follow the leader and play ball with greenscam though.

at any rate...i think i am going to dump some longs i got this am and wait for afterhours...

I'm not going to try to play the gap up...to risky for me...i think we will get warnings tonight and premarket tomorrow.

good luck,

bambs

p.s. check out NTRS...long and short as the rate cuts go