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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (11521)	3/18/1999 9:34:00 PM
From: DM	Respond to of 56535

NETE I do not think the news is all that wonderful IMO> It could still run if market and internets have a good day tomorrow, me I am going to see if it is shortable and watch it for any signs of weakness. DM

To: Wes Stevens who wrote (11521)	3/18/1999 10:12:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Thanks Wes,actually if I miss the beginning of a run,be it P&D or not,I generally just back off and watch--FWIW the latest rumor on OMKT is they will be forming a marriage with Lycos.But OMKT has been one of those company's that attracts rumors but none have yet to materialize--one rumor that makes some sense though is BNYN being taken over by Info space--that would be a killer for INSP as they would then absorb their competition Switchboard which is wholely owned by BNYN--but rumors sometimes generate from someone simply thinking that would make sense.Max

To: Wes Stevens who wrote (11521)	3/20/1999 2:37:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Wes on taking the time to check,NETE indeed was a classic P&D---the press release came out at 9:34 a.m., a shrewd move by the pumpers,playing on the fact that many people would just REACT to the super hype,but all fluff verbiage,as the trigger happy traders in a situation like that are racing each other to trade,and ask questions later. This raises a semi-moral question which I resolved a couple months ago and that is do we play P&Ds or not,for quicky dollars? One morning this winter I caught a press realease from MZON just as it came out,as I remember it was 9:24.It was an announcement of their new auction website just at the time of the UBID,EBAY frenzy,and I had just enough time to view the website and see it was a joke.It had only 6 items up for bid,it was a pure pump and dump press release. I went to realtime quotes and saw it had gapped up 4 points at the open to 15&1/2,but I said I can NOT play this,it is a P&D. As many know it closed at 57 that day. I have since decided that I will play these situations if I stumble on one,but if I post anything at that time it would be "I am playing a PUMP and DUMP stock today,it is XXXX and a bad joke,this is a totally cynical play" Max