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To: vestor who wrote (22675)12/5/1998 4:24:00 PM
From: Joseph Lee  Read Replies (1) | Respond to of 119973
 
CDCO:
Vestor,
I'm very new to day trading, but I knew before going into it that the ultimate decision to put out your hard earn money rests on no one else except myself. I know that most of the knowledgeable, respected people in these threads would not spread rumors just to benefit financially. The person who recommended CDCO honestly believed and believes it's a good company, but unless the "street" feels the same, it's going nowhere.
I'm going to take the hit and move on.
Thanks for the response vester,
Joseph Lee Pereira

.............
The source that recommended CDCO had recommended NETN... the basis or
argument for taking a long position is based on rumor.... I took a position on NETN,albeit a small one, only as a test sine the individual who gave it to me seems to have a crowd that respects him.. However I like the company absent the rumor... I lost 1 3/4 on NETN over the last two days and the source does not wish to discuss it..

The lesson is that 99% of the time rumors are just that and nothing more.... But WOW when that 1 % hits.... So, I take a posture that I must like the company fundamentally first and treat the rumor as gravey if it happens.... Good Luck