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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Bootz who wrote (8070)	2/8/1999 7:55:00 PM
From: LastShadow	Respond to of 43080

Responses I will check PWAV, RACN and PVSW tonight and post later. I don't follow the last two, so will have to download some data and run the net and TA on. ZAP - Actually, I have done quite a bit of study about the internet stocks rocketing, and although it is more tied to the 'news' and 'internet by association' effect, ZAPs problem has been that they publicly made every effort to get into the business, having no plan, no experience, and no potential. For that the media derided them and it was only the hyping going on in non-trade media (ie, places like SI and AOL chat rooms) that suckered those poor souls into buying into it at the last jump - which quickly died off. GMGC's Bid/Ask ratio averaged and 3:2 all day. Obviously there were limits in place, and unfortunately no buyers (or sellers) ever posted for more the 50k shares. As for buying on rumor, selling on news, yes, that is the adage. But what the adage assumes is that one is hearing the rumor from a known and substantiated source. that is, someone who has either credentialized or qualifed themselves in the past with profitable information. Being new to us, and SI for that matter, understandably one is reticent to give much credence to someone posting on multiple threads. Byut, we have been chastised for being overzealous in policing the posts. I'm not saying ZAP is not worth watching. It is. I will watch it myself. But I won't get in before it bounces because that would be foolish in this market with any ticker. And, unless I saw some technical, neural or fundamental reason (which I don't) I wouldn't post it to this thread until it was moving. And I mean this in the kindest possible way. lastshadow