To: Hank who wrote (12524 ) 8/9/1998 2:52:00 PM From: 1-DAY-TRADER Respond to of 18691
I am still convinced that INCL will fall and that no one will have a chance to short it again like what happened on Wednesday when it went down so low ( below 4 3/4) then comes some MM's to rescue it at the last minute for a little longer. The DJ article was a VOLUNTEERED INSIDE INFO by some "MARKET SOURCES" , Now one have to ask : " WHAT IS THEIR MOTIVE behind this very generous tip ? We know what such motives could, don't we ?? The positive money flow was due to the DJ article, Hank. It made a lot of people BUY long & made a lot of shorts to cover to early, thus causing a TEMPORARY positive cash flow. But, now look at the volume, wed = 1.5 Millions ( half of which were made in 3 minutes, and 2/3 of all sales were made in 10 bulk sales, just after the the DJ) Then, on THURS, the volume dries out to 1/2 million, ( price Drops 1/16 while I was waiting to see $6 levels) Then on Friday, the volume drops to only 230,000 ( price drops to 5 3/16 then they get on the bid side to make it unchanged at the last minute) Honestly, I was a little worried on Thursday AM ( after reading the DJ article), but they did not shake me off when I saw that the market reaction was not as I thought it would be. The price went down, and would have gone even lower had it not been for the rescue squads on the bid side ( THE MANIPULATORS ). But they can NOT rescue it forever :) Look at AVNT & LEAP, there have been a positive money flow for a while now, but we have always known that they would soon fall. After all, doesn't positive money flow always precedes NEGATIVE money flow on the best & most profitable shorts? Having said that, I would like to express my disappointment in SI posters. I never claimed that this is a sure short , nor claimed that I knew something for a fact that no one else does. So, I may or may not be correct on shorting this dog, But what really troubles me here is that people are coming so hard on me thinking that I was a fraud. I care about my reputation as a poster on SI and I was just trying to contribute, discuss, share, exchange points of views; that was all I did. Mr. Babb himself has been wrong in the past, but no one labeled him as a fraud or a scam. So, why do these people always waste their time in looking for someone to shoot down, instead of discussing the issues??? Time is money & I always need more of each. Thanx to all :)