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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: hoffy who wrote (28543)12/15/1998 4:36:00 PM
From: TokyoMex  Respond to of 119973
 
Exactly ,, and they will do that more and more ,, to stocks that are gapping up ..

Like Cramer shooting himself on the foot ,,

Who the hell knows ,, how this market is being manipulated,, one minute stocks act like a chronic maldiseased cow ,, sell program ,, then boom ,,, buy program ,, if you play wrong ,, like some one said ,, you will have your head handed to you ,,



To: hoffy who wrote (28543)12/15/1998 4:56:00 PM
From: Panita  Read Replies (1) | Respond to of 119973
 
FYI Recap on today's afternoon action on VRTX.......,

At the end of one of his afternoon reports Joe Kernan of CNBC mentioned that he would be discussing VRTX later. I took this opportunity to buy at 26. Very few people heard that he was going to mention VRTX because the stock price just moved up a little trading between 26 and 26 1/2 for the next hour or so. When he did mentioned VRTX an hour or so later, the stock price started to run upwards. I place a market order to sell. Other daytraders did the same; People who bought when Kernan's report finally came on went on a panic rage when they saw that the stock price was instead declining; panic caused VRTX to tumble further than what it had been trading prior to the good news released early in the afternoon. At that point, thanks to the panic, VRTX became a buy again; I bought again this time at 24 3/4.

quote.yahoo.com

Buy on the rumor, sell on the news or buy on the panic, sell on the calm. DAY TRADING 101.