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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (7262)	2/1/1999 8:19:00 PM
From: Trader J	Read Replies (3) \| Respond to of 56535

Poet: I would let it go, anyone who is willing to throw one's losses back in their face is not worth it. Today's action was not due to the "sell the news scenario". It was people's fear of the Friday's shorts, coupled with the CFO resignation....which came out AFTER the bell. It would have affected anyone still in the stock at close of business. It was a pure panic sell and if it had been just the CFO news, you would have seen a substantial gap down. Investors waited briefly to gauge direction before quickly realizing that it was downticking....the normal first 1/2 hour of trading became a blood-bath. If the shorts had not been in the stock on Fri. this would not have been nearly as bad. Anyone who has watched, tracked and played these Inet issues will know that this was not a "sell the news" scenario. You are a great trader, and will be back soon. Just give yourself some time and be patient again...... I put in an order for JBOH at 7 minutes before close at the market price and it never filled. Figures. Good trading tomorrow. TJ

To: Poet who wrote (7262)	2/1/1999 8:27:00 PM
From: coug	Read Replies (1) \| Respond to of 56535

Well Poet, Maybe "advice" was the wrong choice of words.. I didn't want to use "hype" I'm at a loss for words right now.. I guess on this thread, I did't expect all the weekend mention of PRFM from experienced traders which prides itself on non-hype with nobody coming on to say "cool it".. I guess the things I want people to learn from what I call a "Hot money thread" when they play hot money stocks is what I mentioned in my first post today.. 1. Sell the news even if is not yet in a PR. the news was out. etc. Know the danger signals, Take what the market gives you and get out. If you are late stay out.. and so on.. Poet, I want my discussion on this to be over.. I know I don't make many friends on the net.. but helping is important to me too.. I shouldn't have stuck my nose into it.. Okay.. sort of friends (GG) Coug