To: Dante Sinferno who wrote (17816 ) 3/6/1999 5:34:00 PM From: Anthony@Pacific Respond to of 122087
That is a greta idea..Ill doit...Now I would like to direct everyone attention back to WHY I have been doing this for 6 years and why I strted this thread and why I have been doing this for free and why I get so riled up in som eof these deals..its because ofwht these stupid"socalled Mo-Mo plays and self appointed Gurus like Tokyo Joe , (who is currentlyu being investiagted by the SEC) do to the average guy and gal..they rape the public and pay a few shills to act as supportersd and then convince you to buy SO THEY CAN SELL!! thats what its all about...Getting the other guy to hold the bag..Seeing a deal alike ADEU go from 7 or 9 to 3 in 15 minutes..make sme so happy ,although i wasnt able to sell more than 1000 shares because the criminals at USCT werent answering the phone.. It absolutely prevented mom and pop from buying it...hopefully the criminals bought more than they sold trying to force the play and got burned by it.. Let me share just one email i recieved ( Identity protected as i promised) XXXXXXXXXXXXXXXXXXXX Anthony: My guess is it's going to be about 2-3 months before I'm able to join your web site and start trading. I've got to build up a little more cash and restore some trust / faith between my wife and I. In late '96 I started investing for the first time. I started out on SI and unfortunately found the FIVE DOLLARS AND UNDER BOARD first. I had no experience and was quite naive. I didn't know people would lie to me, especially CEO's of company's or stock promoters. My first play I lost 29K on. My second one I got lucky and caught a pump and dump at the right time. I road a stock from $1 to $4 in a few days. Thinking I knew what I was doing, I convinced my brothers to let me "manage" some money for them. Unfortunately I got into the next pump and dump right before the dump and lost most of my gains and my brothers' money also. Figuring that what just happened was an anomaly I began to take some cash advances on my credit so that I could recoup my losses and my brothers quickly. Before I knew it, I was at 150K in short term losses. Most of this was done behind my wife's back although she "knew" something was going on. After I told her we agreed to take out a home equity loan to save on interest on the cash advances. I got a "call" a couple of days after I received the proceeds for the loan and was told that the group was about to "run" the stock and it's not going to get any cheaper than this. Well I did the stupidest thing ever and put the 60K home equity loan into a $.75 cent stock that proceeded to got to $.10. It took me 3 months to tell my wife as I kept "hoping" it would go back up. After almost a year of trying to stay above water, we finally ended up filing bankruptcy a few months ago. This was quite an expensive and hard lesson. I was greedy pig and got slaughtered. Unfortunately, I also enjoyed the "trading" euphoria having a weakness when it comes to gambling and that contributed to my downfall. I'm determined to overcome it and develop the mental discipline required to manage my own finances properly. I won't invest though without 100% agreement from my wife. Now I'm working hard to make good on the majority of my debts in spite of the bankruptcy and hope to be "free and clear" in another 2-3 months. At that time my wife and I will talk about taking a reasonable portion of what we can risk and I'll start to manage it again. In the meantime, I want to get an education on this. I'll continue to follow along on SI. I've searched for some books and have started reading some articles. Unfortunately there seems to be a lot of conflicting opinions on whether to trade, whether to buy and hold for the long term, whether to short, etc. The reason I've chosen you as a "mentor" is that you're the only one I've seen that posts your picks before you pick them and have consistently posted winners. Given that, is there any material you can recommend for me to study so I can familiarize myself with your techniques? This way I can hit the ground running when I start. I'm particularly interested in the "psyche" of what you do. I noticed that you seem to never "look back" at previous picks to see how they're doing. I have enough confidence in my smarts to be able to learn the numbers, etc. fairly quickly...what I know I need to work on is the mental toughness part. Sorry for the long windedness of this...however, I felt I needed to express where I was coming from so that if I ask you a question on the board you'll be able to answer within the context of my experience. FWIW, I think you and your website are going to help a lot of "little guys" online and keep what's happened to me from happening to countless others. Of course with that, you'll make some people (the shysters) quite angry. Best of success to you, NAME PUROSELY OMMITTED.. XXXXXXXXXXXXXX These emails are too commona nd happen way to often..Investing in Corporate America is for the Wall Street savy..wel thats about to change..i am going to see average folks wake up and do better than any overpaid analyst on wall Street could ever do..and be more consisent than a heart beat.. By sticking to the truth and using their own words to burn them..is how you can make it now and the future..