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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?


To: Kimberly Lee who wrote (148)12/26/1998 7:41:00 PM
From: CountofMoneyCristo  Read Replies (2) | Respond to of 987
 
I don't think so, and anyone holding MZON overnight Wednesday, and, even worse, admitting it, is a far greater amateur than I can even imagine. A stock that rockets from 12 to 59 in a single day and you don't take profits? RAGN was trying to suppress MZON, but even more than RAGN, TSCO held it down in the 33-36 range after 3pm, going short heavily. Eventually he caved and began to cover. This was when we broke out and rode to the 40's and 50's. If you thought RAGN controlled the MZON action no wonder you were holding overnight. MZON, it was very clear MMs were caught out without enough shares, and were forced to try to short it. Myself and several colleagues saw this early and, after having traded it early, sat on our last entry in the mid-20's until the right before the close, where we unloaded. Greed took you out. I am astounded you would admit such a an archetypical dilletante error and accuse anyone of amateurism in the same post. Incredible.

Incidentally, I am too busy trading during the day to post at SI. Whether I posted on the MZON thread or not proves nothing. The fact that you held it overnight tells me a great deal about your trading. End of story.

Also, I am very interested to have you dissect SKYM for me - laughter at Christmas certainly has its place.