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To: Snowshoe who wrote (27270)	8/7/1998 9:19:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Greg M ...GLM I am not saying that TSC or Cramer in any way are ''manipulating'' the market or a stock for their gain - I think Cramer & TSC's disclosure address this well - as well as their admirable editorial independance. My point is that his 'baby'' is TheStreet.Com and its influence in the marketplace via its commentary and the public's reaction to it ; will be tested today by how GLM acts - this action will be a barometer to TSC's impact. For instance, no one doubts CNBC's ability via a guest's public comments to immediately affect a stock - see the CNBC Trading thread on SI etc. Michael Price is a guest on CNBC this a.m. -- I bet he will be asked how he likes Oils' by Mark Haines - watch Price endorse the sector & BAM ! - could be the start of something big ! PS - don't remember EVER criticizing anyone for specifically selling GLM - I have never been a GLM fan... Cramer's negative article was about... in May I believe - so it was irrelevant in light of our current enviroment... These ARE great levels to be buying for long term ''buy & hold'' investors; but I think greater opportunity exists for active trading and that the opportunities for a ''bottom'' exist on dramatic 1 day selloffs on individual stocks like BDI & OMNI recently... The BIG Enigma now exists however for market timers - traders and ESPECIALLY the momenteum players ! Many stocks are up 10-15% over a couple days now; When do you guys buy in ? This is where the great Monday Morning Quarterbacking comes in...what if we are up another 10% today - do you now buy in on this cumlative 20% rise ? - and if you don't; you missed 20% + of a run up... what if we get another 6-8% pop on mon & tues - and you miss a 25-30% rise ?; also what happens if we drop down 4-5% monday? - do you jump on then - or do you sell monday on a 4-5% drop if you bought in this week or bought in today...? ......or do you get caught time & time again in these 10% stop limit sales after being whipsawed by the market - only to buy back in again & again at higher positive momenteum indicator price levels ? I want to hear you ''Mo-Mo'' guys explain when and why you're buying in, when you do. I think Diamond has kept us advised when and how often those 10% stop limit sales triggers get hit... Tough call right now - selective buying for long term holdings off of these 1 day blowoffs makes the most sense to me on only ones core holds and not accross the board buying yet; and some quick short term trades are developing off of this volatility. I'm holding my 4-6 core holds here for the long term and trading with the balance of my funds...interesting times. ...will Michael Price get a chance to ''move'' the oil patch ???