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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (6743)	3/20/1999 4:59:00 PM
From: BradC	Read Replies (1) \| Respond to of 12617

<Does it work?> Peter, I'm just beginning to have a good look at this phenomenon and there does seem to be an effect. My first impressions are that the business is going in two directions: 1. You have guys like Tokyo Joe who seem to have earned some respect with regard to their market savvy and stock picking ability and tend to play the bigger cap highly liquid stocks. Whether Tokyo Joe and his clan can actually move stocks like AMZN or EBAY is questionable. But this is the kind of stuff he trades. His performance record published at tokyojoe.com is impressive, if it can be believed. It is claimed he did extremely well last year and he is now parlaying that success and fame into a very profitable business. 2. Then you have the fasttrades people picking any crap they feel like, usually noname stocks around $1 and then there is a remarkable spike up 500% or more literally within 1 or 2 minutes of publishing the pick and then they plunge back down just as fast. The only thing I can think of to explain this is that there must be some complete morons out there using market orders to chase this stuff. Some poor sod must be getting stuck paying $5 for a $1 stock. Can't say I feel any pity though, anyone that stupid gets what they deserve.