To: CountofMoneyCristo who wrote (10489 ) 8/30/1998 12:46:00 AM From: CountofMoneyCristo Respond to of 42804
And yet... While I agree that Mister Pink's manner is obnoxious, your threatening him was much worse. I am new to this thread and, though I am not at all surprised at the childish lashing-out in many of its posts, I am nevertheless appalled. What is wrong with you people? If you want to be successful as either a daytrader or an investor, a cool head must prevail - and that means leaving emotions at the door and being RATIONAL. Sorry if this sounds like a lecture, but a lot of you need to step back and try to take a clear look at the action in this stock. Obviously, Friday's precipitous drop was an overreaction - that is, unless some of Mr. Pink's allegations prove to be true. I wonder where you get your information, Mr. Pink. These are not the 1920's we are living in, and trading on inside information is illegal. If that is what you have been doing, you will no doubt soon find your little run at an end. The notorious recognition you have received here won't help matters either. Not very clever at all. You're putting the nails in your own coffin, my friend. On the other hand, if you are not privy to inside information, then I hope for your sake your hypotheses are soon proven, or you could find yourself at the wrong end of some VERY serious legal action - you and your cohorts, that is, as only a fool would believe you are working alone. I'd start boning up on the law of libel and defamation right quick if I were you. Throw in a tome or two on fraud as well, while you're at it. For the rest of you, all I can say is manage your investments and trades responsibly and no single position will blow out your portfolio or account. That means never risking more than five percent on any one play, and getting out when that loss is hit. Admit when you're wrong and move on. It also means not trying to get everything back all at once. That's a sure way to lose even more. Always keep in mind that past performance has no bearing on future trades, so forget about past success or failure and concentrate on your present strategy. For my part, I bought in Friday and intend to trade the stock whichever way it moves, though I'm expecting a large gap up Monday, as MMs try to panic shorts, though any that remain in unhedged short positions at this level must be certifiable. I agree that small caps appear undervalued. It would follow that perhaps some significant funds are headed into the sector soon. Cool heads should make a killing here, and casino players, as always, will surely crap out.