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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (301)	3/6/1999 1:33:00 PM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Howdy to all recent 909ers, good to meet you and share the hope the Bull Elks come to Blue's lawn this weekend. The "Making A Million In Internets" series he wrote is pleasant and profitable reading, for sure, and Thanks Again Blue for this and all other tips you share. Hey Blue, just one question - re: "never short internets while they're running"...(doubting can't walk and chew gum at the same time me will be playing shorts as it would confuse my discipline, but)....Is it better to short internets Before or After they run? And when is that? LOL Uh oh...DOTCOM HAS ENTERED THE ROOM.... "Net Shortys - Fools, Boobs, and Pirates (such a small % get lucky)" As records of that ebay shorting fiasco on aol are now long gone down the memory hole ... For an interesting educational view of some catacombs of small internet shortys looky on the SI Amazon and aols Threads. Some bears even claim to have made big money and so are doing it again and again - Four types of Net Shortys in descending order of percentile - Fools, Boobs, Pirates, and Get Luckies.... Descriptions of Types- Get Luckies - Those rare souls with the Midas Touch at all they try. The Fools - when from reading their past posts on their profiles it's before your eyes that they were demolished, except by maybe August and September's 2 months winning out of 12, well what more can you say. Imagining they actually control the market by their bad news posts on threads is epidemic. So many of them aren't in objectivity mode it seems to be a widespread trait among those who short as their only discipline. Re: The Boobs- They Think They're Pros but really they're just the Bigger Fish who gobbles up the smaller not watching their own back - Upon closer examination it looks like the only shortys consistently profiting on internets are now operating in bands and using overseas firms. Their profits are guided by others hands; they're Boobs because they never stop to wonder if what they're pulling on others is about to be done to Themselves, But Bigtime. Taking the biggest chances of all underlying their internet shorting risk by placing their unreported increasing money in non-repatriatable trusts of foreign governments and non-recoursable firms (where as I understand it the rules and squeeze days are different)-optioning huge blocks of shares already held by groups of them. Then they try to manipulate others to buy and sell at those times it would benefit themselves - they run newsletters, come on threads, operate boilerroom brokerages, crooked MM's in their pockets, etc. - the Pirates tell them they're Real Sharks but they're just Boob/Wannabes. These organized shortys seem to be successful at profiting and it's too bad so many little guys are chewed up so they can do so. But Lookout....Here comes That Bigger Fish to Gobble 'Em Up.... The Pirates: These Overseas Firms who will keep or sweep the chips away from the Wannabe Pros when the pile gets big, and there'll be no one The Boobs will be able to report 'em to. Then there are Local Pirates; many small/one-man-franchise brokerages running classes in daytrading and shorts. They give access to a boilerroom terminal for those willing to fork over "tuition" and establish an account with big bucks (these traders also often operate online in groups at adjoining computer terminals). A friend of mine was considering it, didn't understand what was going on, desperate to learn how to succeed with trading stocks the quick and easy way (as the presentation went). The non-refundable tuition and "terminal space rental for a month" was several grand; also an account establishment of At Least Ten Grand (!!!) was required ... for which the advice/warning was to be prepared to lose it as an anticipated cost of The Learning Process. The promised focus of The Education was (of course!) those risky, volatile, and incomprehensible-without-a-professional-guide Internets! Inside Info Assistance was (of course) promised. The rare soul lucky enough to make money from them becomes their free advertisement to rope in others and also stays there till losing it all. You'll be happy to hear my friend didn't go for it, after asking his pals including me what they thought of it. He said everyone gave him the same advice (links, books, magazines, wsj, barrons, msn, aol, forums, chats, financial terms dictionary, a practice portfolio for a few months, objectivity, grain of salt, ask and listen, keep a journal, etc.) to learn about it by 360 degree immersion on his own so as to find his own style - standard advice because that's the standard way everyone who succeeds from scratch learns it best. Anyway, I just meant to Welcome new 909 pals, Thank Blue, ask the question "When aren't Internets Running?! LOL" and get off but I guess DOTCOM was Channelling again. Exhausted like Madame Blavatsky, Joanie