[ale] OT: Stock Traders?
pete.hardie at sciatl.com
Thu Apr 24 16:49:50 EDT 2003
> Wow. The list seems somewhat pessimistic. Methinks many where heavily invested
> in tech stocks at some point. ;)
> George's solution (below) is great advice. ALSO, if you want to leave the
> money in the market (and you aren't tooo concerned about losing it) here's a
> Sometimes, I get emails from friends that read like ad copy. The email says
> "buy stock in this company because they are going to change the world, and
> they almost have a patent." (For example, one company detailed a problem with
> the water system and how they designed a new filter the water plants would
> need.) The stock was offered below $1 per share.
> I have seen this more than twice, and didn't invest anything. However, I
> *watched* the stock prices tripple and fall again - there was high volitility
> - and high profits to be made in short timeframes. I believe that the stocks
> movement was based on the marketing. I have not checked the price lately, but
> if you want to know I can find out.
Not to tar your friends, but this sounds like classic 'pump&dump' - someone buys
a pretty much worthless stock, hypes it to everyone they can, gets lots of
interest and drives the price up, and sells it before anyone realizes it's all
hot air. If you have $10,000 in shares at $0.50/share, you make $20,000 if you
can get it to $1.50 and sell.
Pete Hardie | Goalie, DVSG Dart Team
posting from, but not |
speaking for: |
Scientific Atlanta, Digital Video Services Group
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