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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Joana Tides who wrote (1284)	5/8/1999 10:02:00 AM
From: Blue Snowshoe	Read Replies (1) \| Respond to of 7442

Joan, What I think is happening is deeper than it appears. These fund managers have been riding the gravy train for YEARS. Anyone who watches these fund managers knows that most of them, really stink at what they do and are either liars or have really bad memories. If you watch CNBC it is no less than amazing that these people are paid to do what they do. There is one frequent guess on CNBC that is a total idiot and either a liar or a guy with a bad memory. He was on CNBC telling a big fat lie about a week or so ago. He said a rotation was going on and that two months ago he started moving to the koger stocks because of the rotation. Bad memory or a liar take your pick, this is not true. Two months ago this clown (wannabe cowboy name for company, how silly) was pushing dog $hit HWP, the same dog $hit HWP he had been pushing six months ago. And we all know what this dog has done. He was not saying there was a rotation two months ago. He was telling you to buy dog $hit HWP. Mark Haines didn't bust him, no Mark has bigger fish to fry, like busting the chops of a self-made multi millionaire who has a company that just reported a 2:1 stock split and record earnings, AGAIN. Here is what I think is happening. I think the internet has allowed many people to see that most fund managers suck given the information they have. As more people go on line, the more information they have, information only fund managers had in the past. The results: So far it looks like your average citizen, who can read and think can out perform most if not all fund managers or so says history and this board. What has happened with the internets and fund managers is that most fund managers have missed the boat. They are trying to dump the common wisdom of average people who can think, to make up for their mistake. This is not going to happen unless the little guy buys the HYPE and gives up his internet shares. The reason many internets are here to stay IS earnings, earnings drive a market. It has always been that simple and always will be. Internets with earnings are blowing away these old koger companies and we all know the future is the internet. What does that tell you? I wish the SEC would look at the trading in internets as of late as I smell big boys or crooks at work. Take a close look at who is telling the public one thing and doing another. Look at GNET, only three firms follow it but we know a big boy is buying shares. They don't have a buy rating on GNET but yet they have been buying shares. What does that tell you? Now let's play MAKE BELIEVE. Say I own 50,000 shares of GNET and my bud owns 50,000 shares, we bought these shares a few months ago at 35. So the stock opens at 150 and I sell, 100 or 200 shares at a time starting at 149, 148 3/4, 148 9/16, etc. At the same time my bud is doing the same thing. Then small guys say " wow, GNET is getting hit with no news. It opened at 150 is now at 142 and falling, I better sell." The next thing you know GNET is down to 130 and my friend and I have sold 3,000 shares each to push the stock to 130. We now buy 10,000 shares each, 1,000 at a time at the reduced rate. We just got a bunch of shares off of the little guy and it is legal, he sold them to us. Now as fate would have it another friend of ours (a major) comes out with a strong BUY rating OVERNIGHT on GNET. In the morning the stock gaps from 130 to 165 and then me and my pal sell some of the shares we just bought, back to the little guy at a quick profit and we sit on the rest until we do it again. Now I would never do something like that but history says there are plenty of people around Wall St. who have in the past. When I see the trading that is going on with GNET ( sell 100, sell 100, etc. buy 1,000) and hear the talk that comes from fund managers and CNBC "experts", my common sense tells me not to trust what others do, just what I do. It has been proven on this and other boards we've had that people with little background in stocks can blow away the "pros" if they do a few things the Techride way. The main thing to do is to do your home work (DD) and not listen to what fund managers or "experts" think. That moron wannabe cowboy is the norm when it comes to people who spend OPM. "Riding the wave of the future my-man." 909S2ALL BLUE