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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (8004)	9/21/1998 1:50:00 PM
From: hoffy	Read Replies (1) \| Respond to of 25711

Looks to me like FASC is another major pump and dump scheme just like DACQ last week. It trades a ton of shares on friday the day before some newletter recommends it. So those inside people were buying before they pump it up. Then the newsletter comes out and it goes up a little and then falls off very quick. DACQ did the same thing but it went up more than FASC did. I think people are getting wise to these bogus pump and dump newsletters. Now DACQ is back to hardly trading at all and a lot of people are stuck losing half of their money. Be very careful with these newsletters. Most of them make money for the people who recommend the stocks because they buy before the letter comes out and the people who are buying after reading them are getting taken for a losing ride. Buying any of these stocks after the recommendation is already out and the stock is already up it is way too late.