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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Pullin-GS who wrote (518)	2/15/1998 11:50:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

Paul, Excellent post and interesting play. Have you done in depth research? I am very interested in your results, percentage wise, and which publications work the best? Do you track total number of subscribers (claimed) vers stock action? Have you tried any of the mass email newsletters such as the waako kid or similar publications. Have you tracked which types of stocks and how different price levels react? You have sparked my curiosity on this one.......... Great post :) Good Luck Ken mtrader.com

To: Pullin-GS who wrote (518)	2/18/1998 12:12:00 AM
From: ojai	Respond to of 2120

Paul- I've heard that the Future Superstock gets paid to hype stocks. I believe that they even state that in some of their information. I don't buy into their recommendations, but your idea of using them as a contrary indicator sounds like a good one! -ojai

To: Pullin-GS who wrote (518)	2/18/1998 9:21:00 AM
From: Marlin C. Harmon	Read Replies (1) \| Respond to of 2120

Paul, Enjoyed reading your "Sell on Newsletter Hype Play" post and I could almost hear every reader tell their computer monitor or a fellow worker sitting to the side of them, "This post is describing exactly the action of the stock XYZ that I bought sometime in the last two years" and either "I am so glad to be rid of that dog" or "I still have that dog in my portfolio hoping that it will rebound and reach the projected target the author of the email newsletter said it would." Usually, part time traders like most of us are not able to get in before the first hype peak and be nimble enough to get out before the sell off. Your suggestion to wait and short if the stock is shortable is right on. Good insight. Regards, Marlin

To: Pullin-GS who wrote (518)	2/18/1998 12:20:00 PM
From: Pullin-GS	Read Replies (1) \| Respond to of 2120

*Short on CNBC Hype Disappointment Play* CNBC is used by many traders to gather information on daytrades every day. CNBC often posts a schedule of who they plan to interview and what company they represent. This almost always causes the stock to gain enough for a quick swap. But I miss those often, due to my not being a pro trader. But there is another opportunity that usually (yes usually) pays very well to those with discriminating and conservative approaches to news (anti-news in this case) plays: Sometimes a stock will not only gain a few ticks before the interview, but it will actually run (on no news other than the fact CNBC is interviewing). If I smell an overbought condition, I will sometimes follow the interview and see what happens. If the person from the company is a real dweeb, or has nothing new to offer, the stock will tank...almost every time. Get your short as soon as you smell blood. You will not get another opportunity. (Just covered CVUS for 1/2 pt....if I where patient and timed my entrance better, I would have gotten 1. A perfect trade would have netted 2. Not bad for a $7 stock...its trading in the 5s now.)