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"Hello Buddycom.
Buddycom had written:
'If you can't trust Dr. CE Koop, you can't
trust anybody. How do you make five grand from five hundred without options?
You enter a limit order for KOOP somewhere around $1, say at 3/4 and wait till
the judge throws out the eleven ridiculous/frivolous lawsuits. Or
just enter sell limit at $5 after you get the shares.'
Tempting ;-)!
I don't gamble in the market or anywhere else,
but I am curious enough about your statement, which I take as a serious tip, to
ask two questions:
1) What are the law suits about?
2) How does one make a 10-fold return on the outcome of the possible or
likely dismissal of the law suits?
Is everyone out there convinced of the good
doctor's guilt, bidding down his stock in the interim?
Is a 'limit order' the key to major growth
in value due to leverage and risk of some kind, which you have have not yet
explained?
The recent story* doesn't say a word about the
law suits but addresses Dr. Koop's projects on medical ethics via Internet.
This sounds (at first guess) like measures taken to protect his Internet
investments, which might be adversely affected by the law suits you mention,
though (like you) I am inclined to trust the good doctor, mindful that one can
fall into the pitfalls of the Internet without being on the far side of
actionable deceit."
Hind sight is twenty twenty. We never use
cliches. We wrote a couple of blurbs about Dr Koop after the company went
IPO. It's still there. We never altered it, until today. Looking back we know
that there was no need to change it. We mentioned a ficticious concept called,
Koop's Dictum, on the animals page in connection with Dr Paul Ehrlich. And we
mentioned something about the raw deal that Mr Bush handed Dr C Everett Koop on
the Finance page. We want to give an in-depth answer. But, since you aren't
going to open your Schwab account soon,
it'll all be academic anyway. No on second thought we are going to post this as
the first installment of the ,

Just the facts. Visually. Then a little
history. Then direct answers to the questions.
Type in KOOP in the Yahoo quote box, and hit
return. You'll see a 3 month chart if you click on 3m. Then if you type an
extra m in the location bar after the last "=" and of course hit return, you
will get a chart with moving average lines. You see a flat orange line at about
the $1 level. You see a green line sloping down from left to right. The lines
don't intersect at any point. If you extrapolate out a bit, you can see that in
the relatively near future the orange line will cross the green line. In
the 1700's an old guy named Honma, the most famous of the early
Japanese rice futures traders got everybody hep to the idea of using charts to
look at trading activity. He coined a term for that point where the orange line
crosses the green line. He called it the, "golden cross." Ostensibly, every
Kabu Sensei in Japan knows about it. They also know about the other cross
situation the, "dead cross." That's where the orange line is above the green
line but, that's not the situation we have here, so I'm not going to open that
can of worms.
The news. You can get the play by play
details from Yahoo! in chronological order. Go to the bottom of the page and
click on all news or whatever the link actually is. Where to click is as
important as what you use to click. We suspect you are using a mouse designed
by an ergonomic moron because you want to get tunnel syndrome. Otherwise you'd
be using a trackball or pressure pad. We had to quit using a mouse about ten
years ago. Pressure tablets or trackballs, period. Only an idiot would use a
computer without them. Oops, sorry, big fellah. Maybe we should reread, How
to Make Enemies and Alienate People. You aren't still using a mouse are
you? You can get one at any store that has computer stuff.
Let's try again. The news hilights from
day one and skeptical interpretation. If you gamble with stocks and options
you put on your skeptic's hat. Take off your idealist's hat and put it
somewhere completely out of sight. Don't throw it away completely. And you
don't want to forget where you put it. In the attic is fine. Out of sight, out
of mind. In the markets, an ounce of skepticism is worth a pound of
optimism.
Let's get serious, or skeptical. As you prefer.
What is the bottom line? Could the bottom line be that the news on KOOP is a
classic example of the opposite of, "too good to be true." Not really.
The news is too terrible to be true. That might be the penultimate bottom line.
You might say that the news on KOOP, as of November, 2000, stinks and you'd be
100% correct. You don't need to actually read any of the stories from day one.
The chart and the headlines are sufficient. Everything started day one with the
IPO...
To be continued. Click
here.

*News story about the Ethics
Initiative.Wednesday November 1,http://biz.yahoo.com/prnews/001101/tx_drkoop_.html |