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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Paul A who wrote (3727)12/23/1998 5:49:00 PM
From: Olu Emuleomo  Respond to of 90042
 
My parents called to see how I made out with the trading.. I was proud of my returns but not
them! They couldn't believe I didnt pull in 2-3 thousand a day like all my aunts/uncles! Sad thing
is, if I had scrapped all my due dili and simply targeted the i-nuts, I could have my social life back
AND make about 10 times what im earning now.. I actually feel like its taking away the
credability of the stock market.. Another friend who bought 100 shares of EBAY shortly after
going public actually tries to give me advice on investing... EBAY is all he owns... he dosnt even
have a damn computer!


Yup! A friend of mine sold all her MSFT (he sole position) and plunged into TGLO, YHOO and AOL against my advice. Took a beating in TGLO but made a mint on AOL and YHOO.
No big deal. We shall see who's laughing come march/april 99.

--Olu E.



To: Paul A who wrote (3727)12/23/1998 8:05:00 PM
From: DWalmsley  Respond to of 90042
 
Paul, I have to agree with you that this whole i-nut situation is extremely hard to watch. People buying blue sky by the truck load. I think what bothers me the most is what will happen to the overall market when this house of cards comes tumbling down. Could be ugly!

You obviously work hard and know the difference between building your future on rock and sand. Enjoy the tunes!



To: Paul A who wrote (3727)12/23/1998 9:08:00 PM
From: Junkyardawg  Respond to of 90042
 
That was a very good post.
Very interesting.

Dawg



To: Paul A who wrote (3727)12/24/1998 3:38:00 AM
From: shane hartman  Respond to of 90042
 
>Hey- im all for people making money, and im real happy for everyone
>here who has taken this for all its worth but what I saw happen
>today really made me sick (seriously) MZON, UBID..

It's two things, really.

1) Premature shorts get killed

2) NASD system can't handle small float stocks that get flooded with buys. Professional traders are killing the market makers in these stocks. Cramer said that MM's would start dropping out of some of these small float rockets. When that happens, who will be there to buy?

The day of reckoning for MZON will come. Just like it came for ONSL.