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To: Greg Butcher who wrote (1937)1/27/1998 2:53:00 PM
From: ivan solotaroff  Respond to of 2377
 
"numbers don't lie"

Neither does tone of voice.
"Dave, I think you should take a stress pill, and reconsider what you're doing ..."



To: Greg Butcher who wrote (1937)1/28/1998 8:07:00 PM
From: David Smith  Read Replies (1) | Respond to of 2377
 
Greg, I agree with much of what you have posted. Numbers do not lie. And since they do not, let's take a look at some of them; again, these are hard numbers...facts...there is nothing to get emotional about. No one is being insulted. The following have all been "picks of the week" on this or associated threads, and they all have one characteristic in common: none has EVER closed above the price at which it was first picked.

QUST picked 11/29 at $9.43 subsequent low $6.50 Loss of 31%

RLLY picked 11/3 at $4.50 subsequent low $2.00 Loss of 56%

VVID picked 1/5 at $16.00 subsequent low $12.10 Loss of 24%

TRIBY picked 10/20 at $2.90 subsequent low $1.50 Loss of 48%

IBAH picked 12/12 at $4.00 subsequent low $3.20 Loss of 20%

This an abbreviated list; there are several others that have never closed above the price at which they were "written up" (such as AMVC and BOSCF) that I have not included. In addition, this does not include those picks that did manage to close above the recommended price for a day or two, but subsequently saw a large drop in price (I insist on intellectual honesty <gg>). Again, these are facts easily obtainable on the respective threads. The intent here is not to insult, but to point out what can happen with the types of low-priced stocks to which novice investors are often attracted. The fact that many readers of these threads are actually willing to travel across the country to attend a seminar to learn how these stocks were chosen is indicative of a speculative mania that enriches only those working in the securities industry.