Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: David Smith who wrote (589)	12/20/1997 4:24:00 PM
From: RADAR )))	Read Replies (1) \| Respond to of 2377

Christopher Smith: "In a small float/thinly traded penny stock like those that this thread favors, 700 shares could most definitely move the market and force someone else from this thread to pay a slightly higher price." Now really Christopher!!! What is your real agenda on the 56 threads. You seem to be the felon calling the shoplifter a thief!!! On December 14, 1997 in one of your posts on the #1 Day Traders Site - The Final Frontier you stated: "Most of my job is executing customer orders. Example: a $10 billion mutual fund will call, wanting to buy 50,000 shares of a stock I trade. My job is to buy those shares from other MM's, other customers, or the "street" (retailers offering small lots, such as soes traders or deep discount brokers). I will try to buy as many shares as cheaply and as quietly as possible. I will then figure out my average cost, then sell the block to the customer (in this case the mutual fund) at a slightly higher price....often the current ASK price in the market for the stock. The same principle applies when I get an order to sell stock from the customer...I will immediately begin selling/shorting the stock out of my own account. When I have sold/shorted the amount of shares the customer wants to sell, I buy the block from the customer at the BID price in the market for the stock, thus covering my short. I do this all day long,...." You have quite a bit of audacity to question the intent and ethics of the members of this thread Christopher. Is front running your own clients ethical? Intentionally running the price up/down on a 50,000 share stock order that you receive from your own client makes you how much money Christopher? Isn't front running your Client against the securities law? How much money does your client pay you to be treated like this Christopher? Won't 50,000 shares move a market much faster than 700 shares, since the way you short sell the stock and then buy your clients shares at a reduced price actually results in a 100,000 share transaction? RADAR

To: David Smith who wrote (589)	12/20/1997 5:13:00 PM
From: Doug R	Read Replies (1) \| Respond to of 2377

If you had taken the time to look at the picks you would see that more often than not, a lower price was made after posting. You should also be aware that there is no charge for the research done. Also, each post contains a full disclaimer with an urging that everyone use the post only as a place to begin their own research. It has also been stated by many of the rational people following our picks that they don't mind if Instock or anyone that worked on the research DID get a cheaper price than anyone possibly could have after the post since the WORK done on researching the stocks is seen as deserving of some sort of reward. It should be more troubling to know that Merrill Lynch or some other huge firm will have their best customers LOAD UP on a stock before they issue a strong buy on it. You seem to think that those involved with these picks are dishonest and are buying huge amounts of stock. I have personally met most of them and I am satisfied that they are not. I have not met you but if that is how you are wired to view the world, it can only mean that you are projecting your own moral outlook onto everyone else. It does turn out that dishonest people see others as dishonest too. The only reason I can come up with for your presence, (if you really are employed by a firm making a market in Nasdaq stocks) is that you were short one of our better picks when we posted it and now you have a bone to pick. Have a nice weekend, Doug R

To: David Smith who wrote (589)	12/21/1997 12:20:00 PM
From: Tim Fierro	Read Replies (1) \| Respond to of 2377

So what? In a previous post, Instock stated: "You asked about buying a stock before a write up comes out, I have done that before and have admitted to doing it. I am sure my 700 shares really moved a stock! LOL" 1) Did anyone else notice this, and So What? 2) How do others feel about it? In a small float/thinly traded penny stock like those that this thread favors, 700 shares could most definitely move the market and force someone else from this thread to pay a slightly higher price. So What? Do any of the 56 thread veterans have any thoughts about the fact that during the past 6 months or so, others have not only known about the picks before they've been posted (fine), but have BOUGHT those picks before they were posted (probably NOT fine)....thoughts? Let me give you my take on this..... John: I think XYZ looks good, I think I will see what others think because I don't know if it really stinks and I don't see it. Mary: Glad you posted, I like the stock to, but my husband hates it. SWAT Member FA #1: Thanks for bringing it to our attention, initial research shows it is a promising stock. He/She buys it after researching FA on XYZ. SWAT Member TA #1: I concur with FA #1, it is ready for a breakout. He/She Buys XYZ. Joe Public: I bought this morning because it looks great and with the preliminary info available, this could be another POW and I am in early! COMPLETE SWAT TEAM: 10 people vote on it and 7 get in that same moment after the vote, the other 3 do not get in. AFTER POSTING IT TO THE THREAD: Everyone thanks the SWAT team for posting a great stock and alot of people get in. John and Mary feel better about their choice, and get in. Now all of them got in at different times, but they got in when their comfort level was hit. So who cares if someone is in before another? Each person had the opportunity to research the stocks posted here instead of waiting for some crew of others to do the research. Yes, there is a herd mentality at times, but So What? If they make enough money following the SWAT team, they don't mind. If they lose money, they will not buy into the picks. Everyone here should be smart enough to know there will be those researching the picks that will get in before it is posted, So What? I guess I think everyone here is smart enough to invest and/or trade, that they know they are not the only ones in the stock picks and they are not the first ones. When they make the actual trade at whatever price, they are all adult enough to know it is their own final decsion whether or not to get in the POW. So with all the herd mentality, early into the stock people, and those who get in a little later, most everyone will just say; So What? Tim