Member Testimonials
Date: Mon, 1 Mar 1999 20:55:11 -0800
Subject: thanks again
Today I had my best day yet $16700 and this is trading small 200-300 shares. I owe it all to you. The only depressing thing is I require you to jump start the whole thing with "here", "the markets going up" or just a plain "bought 50000 of xxx". You have an uncanny feel for the market. Maybe it will rub off on me after 20 years or so!
Thanks, Bill
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Date: Wed, 24 Feb 1999 15:03:30
Dear Joe,
When I was in ATEC a few years ago you were posting quite a lot there. It soon became quite apparent to me that you were head and above anyone else in your knowlege of stocks. I bookmarked you and have been following you ever since.
I was one of the many who would sit impatiently at their computers every morning, waiting for one of your picks. I made some money, I lost some money. But, when I lost it was because I was using Schwab and they for whatever reason would hold off my buys sometimes for as long as 35-40 minutes (on the penny stocks). Of course by then I ended up buying the penny stocks at their peak and was stuck with them. It was a real learning experience. But it was also very exciting! No matter what you picked, that stock would ROCKET!
Last night I told someone that if it hadn't been for your picks, I probably would be 100% busted -- broke by now. I keep hearing these horror stories of people losing their whole life savings (and more!) by day trading and not having a clue what they're really doing. That could have happend to me. In fact that should have happened to me! But, here I am, still going, because of someone I met on SI called TokyoJoe!
When I finally could afford it, I joined SA last month. I have gone with a couple of your picks (staying only with those for the "long" ride!) and they're paying off. I'm sure that if I don't get greedy, remain patient and most importantly, stay with your picks, I will succeed where so many others have failed and failed very miserably!
So, thank you Joe, for your wisdom, honesty and integrity. I feel very fortunate to be a member of SA. It's worth every penny!
Nancy Wood
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Date: Sun, 10 Jan 1999 14:36:52 -0500
Dear Joe:
Just a note to thank you for your advise. When I first joined SA just before the WSJ article I had about 20K seed money to invest. While I am an experienced Mid-Cap Corporate COO, Private business owner, and have many excellent long term investments, a hugh 401-K, paid off home, etc. and keep 100K in a GNMA account for emergency cash, I found I did not know squat about day-trading. Newbie was even term too good for me. Backgound marginally counts. In my case it helped me act before thinking! I acted on hype on treads..not fact.
I got lucky with a few picks early. Built the 20K to 40K, then within a week dropped 28K waiting for divine intervention on stocks that had hit their highs. Sure they'd come back just like my 401-K, and annuities, all long term investments. Newbie mentality. Divine intervention does not happen in day- trading!!!!
I tend to learn quick when money is taken from me...first thing I learned is that I knew nothing, absolutely nothing, about day-trading. Went out and bought some books mentioned on SA and SI thread. Also listened to your advise to learn one stock. Picked CMGI as was a suggestion. Made small 100 - 200 share trades in the $60's and $70's. Learned the daily pattern of the stock. Made money playing the trends. If stock was going the wrong way, sold and took loss happily and immediately. Was successful about 4 of every 6 trades with this stock. Trading CMGI, got my seed money to $61K. Went to their stockholders meeting on Dec. 17, only 25 miles from my house. Listened to management, read their eyes, checked their pulse....but- checked charts, news, did DD up the gazoo!
To make long stroy short bought 500 CMGI at 98. Sold at 134. Bought back at 111 sold at 115 last Friday morning. Bought at 106+ last Friday at close. Sold at 131 at open Wednesday. Bought back at 128 5 minutes later. Sold at 206 Friday PM. TOOK THE PROFIT!
Also, bought and day-traded this stock in 100 and 200 lots for anywhere from +2 to +10. Also, unlike perfect traders, bought it sometimes going the wrong way. If trend bad, I sold immediately, took small loss -- planned reentry. I have learned not to watch ticker and go blind. On Friday thought I had the trend. Bought 200 at 198. Stock started down, put in a conservative stop loss..no problem. Made a new pot of coffee, took a walk. Came back to screen 15 minutes later and sold at 205!
Added up my gains and losses this weekend on last 3 months of trading.
CMGI - up + 88K
A/O + 9K
Start 20K
Total $117 + $97 from start late Oct.
Went all cash this weekend -- learned unabomber lesson on ASTM, GERN and a few others. Doing my DD for Monday - don't mind missing a gap. Buy on the pullback if I feel the stock is a good daytrade.
I have plenty to learn, and I mean PLENTY! But newbies need to listen to sound advise. IRC has been great..but hype is a killer. Newbies like me need to learn who is giving good info, hyping or P&D type. I am getting better feel on this. Also doing better on other trades, but still need to get Level II. Will do this week. Even being to the pluse, I am now much more cautious of my day and position trades than when I started.
Anyway thanks Joe. My wife now understands why I like a 10 second commute to my home office versus a one hour commute to office and corporate BS. At 48, I may need to return to it, but not for now.
Please continue to encourage newbies to go slow, paper trade, pick a stock to follow, learn DD, don't listen to every hype on web or IRC. They can make money.
4 out of 5 days a week is my goal. Hope to see you in NY next month.
Thanks again Joe,
John Casey
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To: TokyoMex
From: Charlie Langford Saturday, Jan 9 1999 7:31PM ET
Joe,
Just renenewd subsription,,love the service. I was wondering what you would think about maybe gettin a Sunday evening IRC session together with members who wanted to come,,,Q & A, trading tactics, general stuff like that.. I kinow I have a few questions that would be interesting to get input from you and others but hate to mention it during trading hours...
Just a thought,,keep up the great work,,since I statred following you last April I am up about 2100%,,,incredible!!!
Charlie
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Date: 11/11/98 8:23:07 PM Eastern Standard Time
Finally having the time to do some calculations, guess what, up 260% last 5 days! Trying to get that feel you have for daytrading and think I am finally learning. The inner-self has proven to be my biggest problem. I could always pick winners, but now I'm making $$$$ by knowing more of the fundamentals and actions that stocks take during the day. I carefully study your picks and do my own dd and TA on them, trying to see what you've seen.
thanks again Joe for everything!
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Joe just got out of cmgi made almost 40 grand could be 60 i'm in pissin contest with schwab but any way the profits were taken. keep up the good work and thanks;
steve :);
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Joe, have been lurking ... for the last 6 months and have made very close to seven figures on your tava/rntk etc. have trades to prove this...would like to be included in the club if at all possible. Will be in the the Big Apple with my 11 year old son next month would like to take you to dinner if at all possible. I went from a poor Jew to a wealthy Jew in a matter of months. I owe you. If your ever in Boston call me I set you up at the season's or ritz @ home or office 1-800-xxx-xxx
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Date: 98-04-22 17:24:59 EDT
I just joined your official web page and thought I would drop you a quick note. First of all, I would like to offer you a very sincere "Thank you." Over the past years I have been trading off and on, and not doing very well: only about 40%/year. It feels great to be able to say "only 40%/year!" Since I have joined your discussion group, my portfolio has gone up over 2000% (that's in about two months). I still can't believe it, even though I see it on my bank and brokerage statements. Thanks a million Joe! I have learn a lot from you and I am doing my very best to pass on the wisdom I have gained from you to others.
Best regards,
Matthew Cooper
P.S. Have you enjoyed the bourbon?
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Date: 98-4-09 Thu 16:39 EST
Hi Joe......
Just found my way into the inner sanctum. Been a follower for awhile and just wanted to thank you personally for your most generous assistance. I, like so many others, have profitted handsomely from your past directions and look forward to many more good times. Whatever you decide w/ The Cafe is agreeable with me and I will be with you as long as you are so moved. Thanx again.
In closing, please accept my heartfelt condolences for the passing of your mom....she is not far away............may god bless and strengthen us all.
Best wishes,
H. S. "Butch" Noordam III
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To: TokyoJoe
Date: 98-01-14 19:27:03 EST
Subj: Thank you
I know how busy you are but I just wanted to take a minute to tell you how much I appreciate you and your hard work, and your willingness to share it with others.
I am a single 47 yr.old hairdresser. Raised 3 fine sons, but never thought of retirement while doing it. You can only stand on your feet so long. So I was trying to day trade on my own...what a nightmare. With your help, I can now see some light at the end of the tunnel. I do my own DD on your recommendations and realize I can't "hang" with you every time but I do all I can. Maybe soon I'll be able to get right in there with the "Big Boys".
I just want to say again Thank You So Much!
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