To: Mark[ox5] who wrote (1946 ) 1/3/1999 6:12:00 PM From: Mark[ox5] Read Replies (2) | Respond to of 5102
For those of you who dont read the DBCC Yahoo board I just had to post this. Just amazes me how impatient and spoiled people are... below is the original post and then my snotty response (along with another guys response who was a lot kinder) ;)Original post: hope you are right by: pickinitright 2791 of 2797 I just made a bundle on GEND and am noe looking at this with millions of others. what concerns me is the news is already out and we only saw a 3+ point jump. It is difficult to invision a large gap up monday. I would expect a more steady rise until a few days before the IPO. Just a thought. Posted: Jan 3 1999 5:14PM EST as a reply to: Msg 2788 by hellz_hound Replies: View Replies to this Message The nice response by someone else Only a three point rise ????? by: fiberyder (43/M/Pittsburgh,Pa) 2792 of 2797 Good Lord man, what are you expecting. Do you think every stock shoots up 10, 15, 20 points a day. I don't think so. This stock will rise. I don't know how far. Noone does, really. Just be content whth what you get. Set your exit point if you do not intend to stay long, and when you reach it, leave. never look back. I hope we don't gap up on open. I have a buy order in with a limit to get more and I would really like to get it. As the IPO date gets closer DBCC will get higher. As for the news being out, you would be surprised at the number of people who buy a stock on the spur of the moment just because they see it moving up. Just watch the action this week. I think your going to be very satisfied with the results. Regards, fiberyder. and then My response, what people really say when they wear their emotions on their sleeves (grin) pickinitright please read by: markox5 (25/M/Metro Detroit, Michigan) 2794 of 2797 You wrote: "what concerns me is the news is already out and we only saw a 3+ point jump. " 2 points for you. 1) The news of the IPO has been out for over a month. Look back at the late November chart for DBCC when it hit $14. Thats when the news of the IPO was first spreading like wildfire. Now as you look at the chart of December do you know what changed? The IPO was rumored in Nov to come out in Dec, and then it got confirmed in January instead. So the price tanked from $14 to $8 at one point because people nowadays are so impatient they cannot wait another 30 days to profit. The smart ones were here all along buying on these dips. It says a lot for the sentiment of "investors" when 30 days is "too long to wait". People are greedy and impatient...especially the new breed of investors. So that let's the smarter ones profit. I bought originally on the 1st run up at $10, $11... and then I averaged down at $8 when people got bored and didn't want to wait an additional 3 weeks. Now those same people are buying back at $17 or $18. Second, you said only $3 jump. Ok who are the "investors" who heard about DBCC Thursday? Basically daytraders who were sitting around New Years Eve playing the market. The whole I-net sector was down, and the market volume as a whole was much lower than an average day. Most of the big movers and shakers take that day off. Last, I know 25% in 1 day is "bad" for the "new breed" of investors but most people who don't invest in Internet stocks are happy with 25% for a year... not to mention 1 day. So 3 points ain't bad considering this is the 1st full day the "story is getting out to the masses". You also wrote: "It is difficult to invision a large gap up monday." Define large... once again to you $2 or $3 might not be large... but would you rather we pull a SKYM or AAGP, up $10 one day and down $8 2 days later? I don't. You wrote: "I would expect a more steady rise until a few days before the IPO. Just a thought. " I would prefer a steady rise myself... less volatility is easier on all of us, but guess what MMs will be desperate for shares as this week goes by and will be shaking out the uneducated (about stocks) and the week kneed all week, so I expect a lot of volatlity. If you ONLY look at the closing price for this upcoming Monday, Tues, Wed, Thurs you might see a steady rise.. i.e. 2 or 3 points a day... but if you watch it during the day you will see a lot of hectic movement all day. I see you were in GEND, so I see what you consider a big mover.. but that one started at 7.50 Tuesday, gapped up 100% to $15.00 Wednesday at the open then fell ALL day Wed and Thursday and now sits at $7.50. So except for the few who said hey GEND is a lot like AAGP so I will jump into on Tuesday afternoon, anyone else who bought it got screwed. That isn't investing, thats just pulling the arm on a slot machine and closing your eyes. Im not saying DBCC is the best investment for 1999 or anything but compared to GEND its MSFT. Good luck and I'm sorry if DBCC will only give you a 60% return in the upcoming week.. I know that isnt much nowadays. Mark