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-----Original Message-----
From: MMille2335@xxxxxxx <MMille2335@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, April 14, 1999 8:19 PM
Subject: Day trading internet stocks
>I would be interested in hearing any suggestions for day trading internet
>stocks or similar volatile stocks.
>
>I've been watching with interest the mania in internet IPOs. The
volatility
>of these securities, even after the IPO is significant. I've been tracking
a
>group of internet stocks (most are unseasoned, less than 1 year since the
>IPO) and am amazed at the volatility. There are few/none that I would own
as
>an invest. They are for trading - - greater fool theory. >>>>
This is fair warning for anyone trading the Internets. Trees don't grow to
the sky. Look around you. Read between the cheerleaders on CNBC. Unlike
late last year, the big name institutions are in these stocks big now,and
believe me, they will sell. When the time comes, they will sell hard and
fast. The little online trader playing this dangerous game will have no
chance to get out. The handwriting is on the wall. Just look at the
parabolic chart patterns, not to mention the climactic 1.4 billion share
reversal in Nasdaq today. When this crash comes, last fall's market will
look like chlild's play.
From the likes of your post, you sound like you've never daytraded before.
You better take a hard look at the downside at this stage of the game. If I
were you, I 'd make sure I'm not the greater fool.
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