To: Trader J who wrote (923 ) 1/29/1999 10:23:00 PM From: Mark[ox5] Read Replies (2) | Respond to of 2489
Trader J, I like your posts... most time you write basically what I want to say.. but in a more lengthy style... but well written. I myself did average UP today in the 3-4 PM time frame... this is also the first time I am in a stock that A@P has shorted ... Basically he does the exact same thing TokyoMex does but on the short side... he finds a stock that has a big run, low float, and shorts, and then announces to his legions of sheep to short... and if there is a short term exhaustion of buyers it works. Also, this coinciding with stocks such as SKYM with 2000% gains.... people take profits. And then he is a "genius".. I myself tried to short SKYM but could not even find shares... and I dont think Im a genius.. I just think its common sense investing to short a stock that has run up a bazillion %, especially after all the news events are public and digested. (such as was the case of SKYM) Anyways, this is no different from an internet stock "guru" who touts BUY BUY BUY as his legions of sheep rush in to obey orders. This is just the same strategy on the short side... very profitable after interNUT 3rd tier stocks make a run up... Also, the best time to short is when their is a lull in buying.. anyone who would of bought in that day has usually established a position by 2-3 PM... so you take advantage of no new buyers for the day, along with a concerted effort to announce a short to a legion of followers who wait for his every call to pounce on, and you have the imbalance we saw. I watched the action... it took 1.1 shares to move the stock up 2 bucks, and in a matter of 80,000 shares the MMs dropped the price roughly 1.5 dollars... MMs want inventory too, so are more than willing to play along.... Last, my question and point to you... I think from observing his posts along with Floydie is, really what they say doesnt matter... what they try to do is incite fear and confusion... Now think about this... if Im not a typical online investor, but I hear about PRFM on CNBC this evening... and then I come to the SI thread to read about it .. and all I see is chaos... name calling... insults... and general confusion caused by Anthony... what do I do? I say, to hell with this.. I am not investing in this mess. SO I think Anthony really doesnt care what is said as long as it brings confusion to the thread, driving away his most hated enemy... new buyers. Please share your thoughts on this... Mark