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Not to flame the fire but I had been a member of DTO as well. I had made
the mistake of posting my email address on the tips page in case some
one wanted a chart of my analysis. I had to replace the @ sign to get it
posted. I know that they didn't want emails addresses posted and URLS
but it was never explicit on the website. I admit, as I admited to Ray,
that I was pushing the issue. I received an email from Ray. He was
pretty rude and made several untrue assumption about me which I didn't
appreciate. He then booted me from the list. I guess that is $20 / month
in my pocket now.
We exchanged a few more emails and his attitude was much more pleasent.
But from it all, I have lost some respect for him, for the way he
handled it.
As far as the sevice I never had taken one of his tips. Not to easy to
trade when the email comes about 45 minutes before the market opens.
Harley
Tom Bucklin wrote:
> Good post. I had a similar experience..............
>
> -----Original Message-----
> From: Kim Stockdale <kimbo@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Sunday, January 11, 1998 9:41 PM
> Subject: Re: GEN: Day traders on line
>
> >dskulnik wrote:
> >
> >> Is anyone a member of DAy TRADERS on line?
> >
> >I was a member of Day Traders Online for about 6 months. This is a
> real
> >time chatroom for stocks where the main calls are made by one person
> who
> >goes by the screen name DT.
> >
> >Here are my observations:
> >
> >>From what I saw, DT was not much into technical analysis, and made
> most
> >of his calls based on news. I believe he pays $5k/mo for First Alert
>
> >news service.
> >
> >DT has a big ego and was quick to warn or kick out anyone who posted
> >negative statements about him, the service or his calls.
> >
> >DT made frequent “buy” calls, but rarely would say when to sell. If
> you
> >lost money, then you did not “manage” the trade correctly, not
> because
> >he made a bad call.
> >
> >If he made a good buy call and the stock subsequently went up, DT
> made
> >ongoing postings reminding you of his great call.
> >
> >If he made a bad buy call and the stock subsequently went down, DT’s
> >postings about that stock virtually disappeared.
> >
> >I don’t remember DT ever apologizing for making a bad call. I don’t
> >think “I’m sorry” was in his vocabulary.
> >
> >The most memorable call I remember occurred on 3-13-97. DT said to
> buy
> >ESOL after it had plunged about 5 points that day to around 14 3/4.
> >Following his call there was a frenzy of member postings praising DT
> and
> >loading up with ESOL for the overnite killing as expectations were
> high
> >for the stock to open up the next day. The stock closed at 15 3/8.
> >Next day the stock opens at $6 and traded as low as 5 1/8 and closed
> at
> >6 ¼. One member reportedly lost about $70K after his broker
> liquidated
> >his account. Apparently he had bought ESOL to the max, on margin, and
>
> >when his account equity dropped near zero, the broker liquidated his
> >holdings. Did DT apologize for the call? Nope, he kept harping on
> how
> >everyone COULD have sold ESOL at a profit on the 13th as the stock
> DID
> >close higher from his call.
> >
> >Overall, I lost money trading DT’s stocks. The best part of the
> service
> >for me was the member chat about good and bad internet stock brokers,
>
> >using Level 2 quote services (such as PC Quotes or AT Financial),
> >internet sites, and hardware/software setup.
> >
> >
> >
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