To: findstock who wrote (56472 ) 2/17/1999 9:27:00 PM From: StalkFunder Read Replies (2) | Respond to of 119973
>>."this one is going up 200%" >>this is versus >> this stock has some potential check it out.. Of course I see the difference. Have you been watching the last month? Very dangerous market. When AOL first hit 150, a very large investment firm (MLynch? I can't remember) decided to raise AOL's target to 180. Immediately it went up a little but soon crashed down to the 130's because of a Nasdaq fever. Everyone knows AOL is overpriced. Think of how screwed those people felt after buying AOL on that recommendation. Some sold for a hefty loss. "AOL is going to 180!" was still ringing in their ears. They must have cried. Those who didn't sell were still down $billions. But hold the thing a week, and you find AOL soars on a piddly earnings report to high 170's!!!" So the same company who took the bar to 180 again raises the target - this time to 250!!!!!!! Within a week, AOL was dumped to the low 140's. While all those 150 buyers were selling for profit at 170, someone else was buying -- probably the people who heard "250". A friend of mine did just that. There are massive companies making recommendations with billions of dollars involved. And they F* UP. And it happens every day with every damn stock. Now the people who bought AOL in the 170's are crying. I bet some of them sold for 145 right before it snapped back over 160. They're down billions. Bill Gates himself just gave up over $10 Billion last week. Poor Bill. The market could crash tomorrow and people could kill themselves over the money they lose (not Bill, but maybe he'll force his male prostitute). Or the market could double again, on some crazy fluke, and everyone will be happy again. Greenspan lowers the interest rate $1... hey, it could happen. It won't though...beware the y2k. My point is, nobody's in control, not ever. Even Merrill Lynch is forced to downgrade former upgrades. It's just a market. If you're wondering where all this is coming from, lemme tellya, I stand above nobody... I'm STILL having to make up for mistakes my associates and I made last year. I WISH there was someone to blame. Not Joe. Not this, that, or any other market resource. Nobody but Greenspan can make the market safe or dangerous by their own accord. If you suspect Joe is using you... smack your head into a wall once or twice and get over it. Of course he's using you. You're trying to use him... aren't you? You can get yourself a margin account and short Joe's plays like Anthony and see what happens. It really is in your court. There are only so many disclaimers a guy can make. I'm also quick to point out that if you had sold for a profit, you wouldn't care who pumped or who dumped or why or who said what. You'd probably think of yourself as the king of all traders. Ha! If you don't have ego to spare, I don't recommend investing it in this market. Consider TJ and the board free entertainment and I promise you'll get your money's worth... Anyway, I'm not trying to be cliche. It really is your money....... in case you haven't noticed, Joe isn't that powerful... you might want to BE CAREFUL. By the way - congrats Mr. Miller! and so young...