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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Fast Eddie who wrote (28685)	4/9/1999 3:23:00 PM
From: trader14U	Respond to of 122087

Yeah, have you studied the #'s on the buying power of 12 yr. olds?? I mean think of all the crap they can buy online with their parents credit cards!!! HAHA lolol

To: Fast Eddie who wrote (28685)	4/9/1999 4:02:00 PM
From: J.Y. Wang	Read Replies (1) \| Respond to of 122087

<TURF> When it was at 54 1/4, Tokyo Joe issued a buy. Regardless of what you think of Tokyo Joe, he has a huge number of people who do what he says (check out his effects on the stocks he recommended today). TURF immediately jumped to over 56 and is still there. Tokyo Joe is kind of like the retail investor's equivalent of the large investment bank. If you are an institution and are in bed with an investment bank, you know about their upgrades/downgrades before everyone else does. You buy before an upgrade and can get at least a few points regardless of fundamentals. You can get on Tokyo Joe's "friend" list for $100 a month. It is against the MBA in me, but I am on his list (just started today). When I get a recommendation via email, I buy before I think (the more you think in this market the more you take it up the butt without vaseline and with sandpaper). I sell a few minutes later. I have made a point or two on every trade like that today. If you look at the timing of his recommendation and the stock chart, there is always a spike right after the recommendation. THE KEY IS: Tokyo Joe has enough followers -- retail and possibly institutional -- that his stock picks have become self-fullfilling prophecies, at least in the very short term. It's a mockery of the stock market. However, sometimes the only way to fix a system is to thoroughly break it. I thought long and hard about what's going on in the stock market after I was gang-raped by a herd of rabid baboons this week (aka TUNE, EFAX). My conclusion was that everything I know about business (I founded and still own a company with 20 employees) and everything I learned in the University of Michigan MBA program is not only totally useless but is HURTING me in this market. (I am still up 50% on the year but I was up 90% in March!) I thought it was just my being a poor loser until I read articles by other far more experienced traders like Cramer who said exactly the same thing -- this market is totally !$%@$ nuts! So I still use fundamentals and some TA. But when, for example, PCLN is valued at $10 billion, you have to say to yourself: "Stop thinking so much and just go after the easy money by following Tokyo Joe." PS: I still do serious trading. Tokyo Joe is just additional easy income.