To: Richard B. Haenisch who wrote (403 ) 6/6/1998 12:37:00 AM From: Mark[ox5] Read Replies (2) | Respond to of 1084
You are very right. I mean, everyone has their right to buy and sell.. this is America. I dont begrudge Tmex on that point. But you cant compare Tmex to the Rocketeer group. The people who follow him are more "mercenary" types==out for the big quick bang. If we had a committment here, there would of been no selling at 1 5/8... Im sorry for those who disagree, but the difference is the big boys of the Rocketeers (i.e. Mr. D) would of been buying at 1.50 or at least NOT selling. To make this model work, there can be no major selling by the people running the show.. not until WAY higher (like $4-$5 that this could reach easy) If you do not sell, the MMs keep running short of shares and HAVE to keep increasing the price to draw out people to sell. There is always weakness and dips around 9:45 AM, they day of a GAP up in the early stages of a run. With the Rocketeer model, there is a ton of buying as the MMs try to shake shares. With the Tmex model there is selling to "protect" profit... while the little guy at work comes home at 5:30 going... "what happened to the leaders?" 2nd--I was sent an email from someone in his group .. and in the email a few days ago Tmex says 'We buy DIXS and TEXN, this is not a daytrade.. hold for 4-5' Yeh, thats the advice for the little guy.. buy their leader sells at 1 5/8 so he can free ride and have no risk. Well since he has such deep pockets is it that hard to commit himself to the possibility of not locking in a $4000 profit for the sake of a large group following his lead? He hurt the momentum (he and others who sold at 1 5/8) to lock in his profit so he can free ride his shares. Yet he has so much money and has made so much money... amazing he is willing to give up the momentum to protect a few thousands profit. Then again that is his trading style and I dont begrudge that to him or anyone.. the problem comes in when he sends out emails to his followers not to sell until $4-5.. yet it is ok for him to sell at 1 5/8 to lock in profits. Hmm. And last but not least, I Private Messaged about 10 people the night before the gap up regarding DIXS.. and 7 of those 10 said no way would they touch the stock because Tmex is in it. Im not bashing Tmex here... he gets that enough from everyone else. Just saying you have to stay committed as a group if you are trying to create a clone of Rocketeers.. and your "big money" guys have to stay committed especially.. and not "lock in profits" because their 10,000 share sells are what starts big sell offs as MMs drag prices down. Anyways, its a shame because this has half the float of INFE and if people would not be selfish and sell with only 30 or 40% gain, it could of been still rising 2 days later... to $3? $4 maybe... now momentum is lost, and we wait for the next news release.. which will just invite the same spike and fall after. Mark