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To the list:
I am quite disapointed in the tone of the responses.
http://www.quote.com/cgi-bin/jchart-form
symbol isac,120 ( the comma 120 set the time/bar )
clearly shows the price he quoted is valid. If your fancy
data feeds do not show that price, you are paying to much.
The tone of the responses however, is disheartening at best.
He asked for information. He has so far only gotten
(publicly)
abuse from those who he expected to provide guideance.
Jawad;
You have done some good picking/analysis, or been lucky.
The description of your trades shows a reasonable feel for
the
dynamics of the market, and the psychology that drives short
term
pricing.
Brents comments about pressure are true for most people
most of the time. I trade tbond futures, and oex options,
and
rarely am in the market for more than 3 hours. This is not
what most folks think is reasonable.
Having your family support you is wonderful. When what you
do is profitable, continue. When you have made money for 5
or 6 years,
(I will pay for college, thanks dad), and still trading,
you will know
you can make a living out of it.
I do not have to work, financially, but am excited to go to
work each day, because I know I am making a positive
difference in
our projects, and love pushing the boundaries of computing
and science.
If you wish to have a happy life, find something that feels
good to you, and helps BUILD a better society/world for your
children to
inherit.
We create our society each time we interact with another
person.
What kind of society did you create today?
Richard C Bond, Sr. 1986
You are welcome to contact me anytime, and I will provide
whatever understanding I may have.
rcb
jawad wrote:
>
> http://www.bigcharts.com/custom/freerealtime-com/freerealtime.asp?symb=ISAC
>
> go there and you will see that ISAC was at 5 3/4 just last month. Why
> would i make something like this up???
>
> ---"R.E.Turner" <rturner@xxxxxxxxxxxxxxxxx> wrote:
> >
> > Checking the historical charts, it appears the closest ISAC has been
> to
> > $5.00 was back in April-May of '98 and has been steadily declining
> steadily
> > ever since. I would question the veracity of the post.......russ
> > -----Original Message-----
> > From: jawad <jawad777@xxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Date: Sunday, January 17, 1999 10:35 AM
> > Subject: How I made my $
> >
> >
> > >Well, many of you have been asking me how i made my 3,000 in 21,000.
> > >In one month. First of all i would like to thank everybody who
> replied
> > >to my earlier post Need Advice..., thank you for sharing your advice
> > >and experiences with me. Now, i have my account under my parents
> name,
> > >so that is why i can trade and have a margin account. Well, my first
> > >huge break was AAGP--Active Apparel Group. You probably heard about
> > >them in late December. I was on Christmas vacation, so i had time to
> > >research and buy stock, and actually spend some time. Well, i had
> > >noticed that active apparel had doubled when they announced that they
> > >were going to open a Internet site from aprox 1 to 2 per share. I
> > >kept a watch on that stock. Over my Christmas vacation, i saw that
> it
> > >had dropped back down. Then i thought What will happen when they
> > >actually open their Internet site? So i bought 500 shares at 1 1/8.
> > >I kept it for a couple days and it went up to 1 1/4 and was not
> moving
> > >much. But then the day they announced the open of their Internet
> site
> > >the shares went from 1 1/4 to 11. I sold that day at 11. But then
> > >the next day it went up to 25. Boy was i pissed. So i decided to
> > >sell short. I sold 500 shares short @ 20 5/8. I knew that the stock
> > >was totally over valued. The next day the stock went down to about
> 9.
> > > And i bought to cover then. Another stock i made more than a 100%
> > >return. It was ISAC. I had bought this stock at 2 1/16. And it was
> > >down to 1 at times. So i had lost more than 1/2 of my money. Then
> > >one day over break at the end of the trading day, i saw that the
> > >volume was raising and the price was going up. It still closed under
> > >2. But i decided to watch it at the market open. Within the first 5
> > >minutes of the first day it was up to about 2 1/2. I put at limit
> > >order to sell at 3. Then i saw that the bid was still going up, so i
> > >canceled and changed it to 4 1/8. It was still going up, so then
> > >again i canceled and changed the order to sell limit 5. It went to 5
> > >and i sold. The high for the day was reached around that time and it
> > >was 5 3/4. Then that same day the price went back down under 2.
> > >Currently, it is at 1 and something. Currently, i own SMTK. I bought
> > >2000 shares @ 1 1/4. It is now priced at 2 11/16. A 115% gain.
> This
> > >stock's 52 week high is about 33, and right now it is dramatically
> > >undervalued. I am going to hold on to this baby for a while. I
> think
> > >it will go up at least 10 in the near future. And maybe more in the
> > >long run. I have other stocks, but those gains are under 100%.
> > >Interestingly enough, all the stocks i have picked in the last 2
> > >months have gone up some %. I have not lost money on any.(i bought
> > >ISAC about 3 months ago, that was a stupid decision, but i got
> > >lucky). I now have a fool-proof system. I never lose $ with the
> > >stocks i pick. I just wish i could spend more time researching and
> > >trading in real time. I don't have the capability to trade real time
> > >because i am in school, so i have to be a end of the day trader. I
> > >guess that is OK for now, i will stay in school and continue to
> > >excel(thanks for the advice everybody). I have finals this week,
> so i
> > >have to go study now. Well, i hope that gives you a little insight
> on
> > >how i made my $. Thanks for baring with my long explanation, but i
> > >just want to paint a clear picture. I would tell people some more
> > >stocks that i think are going to go up, but i think that is illegal,
> > >right? I don't want to be responsible for the inflated prices. If
> > >it is not illegal, i will gladly share some of my picks. So Please
> > >tell me if it is illegal or not. Oh, also this summer i want to start
> > >trading options. If someone can give me a good starting point at
> > >which i could start, i would greatly appreciate that. Thanks.
> > >L8er,
> > >Jawad
> > >
> > >
> > >
> > >
> > >---John Ahaus <jahaus@xxxxxxxxxxxxxxx> wrote:
> > >>
> > >> I am 16 years old and over the past month i have made about a 700%
> > >> gain. I started with 3,000 dollars and now i have over 21,000. My
> > >> question is Can i Make this kind of money every month? I am a
> junior
> > >> in high school and i am a straight A student, but this makes me
> think,
> > >> why am i working so hard at school when in the end all it is for is
> > >> money. And when money is so easy to make, why should i work so
> hard?
> > >> Is this kind of money making unseen or is it a usual occurance?
> > >> Thanks,
> > >> Jawad
> > >> Sceptically, I would like to know how one can parlay $3000 into
> $21000
> > >> in 30 days considering margin requirements etc. Also not many
> broker
> > >are
> > >> willing to open up commodity accounts unless there is a proven net
> > >worth
> > >> and or income statement attached. Jawad, can you put your cards
> on the
> > >> table and show us how you did it? If not I will on the side of
> Brent
> > >in
> > >> Utah.
> > >> John Ahaus
> > >>
> > >
> > >_________________________________________________________
> > >DO YOU YAHOO!?
> > >Get your free @yahoo.com address at http://mail.yahoo.com
> > >
> > >
> >
> >
> >
>
> _________________________________________________________
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com
--
We create our society each time we interact with another
person.
What kind of society did you create today?
Richard C Bond, Sr. 1986
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