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Strategies & Market Trends : WR's Momentum Trades

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To: Trumptown who wrote (9862)3/29/2001 8:15:42 PM
From: Wayne Rumball  Read Replies (1) of 11130
 
Not sure a penny's gonna do it, but who knows anymore.

Mentioned TGIS in the pit this morning before market open. Liked the news and asked someone, anyone why I should not buy it and wait for $6.

Got 2 positive responses and no negatives, so I set it on alert to see if anyone at all would really care about what they said.

Well a couple people didn't so I dove in at 4 3/8. Hope it works out.

The main selling point for me was that they were offering investors HOPE. 3/4 of the tech stocks just want to push their troubles on someone else, but they are making money and project to continue doing even better. Stock is thinly traded though, so it could just as easily head to $1 as 6

Picked up some ERTH in after hours. McDonalds likes their stuff, finally. What I like here is it has NOTHING WHATSOEVER to do with the internet or computers. It has to do with people eating and throwing out garbage. People will do that for years and years to come.
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