SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lakers17 who wrote (42907)4/12/2000 6:44:00 PM
From: Jim Bishop   of 150070
 
<Any predictions when this will end?>

I have no idea when this craziness will end. Hopefully soon.

I'm in a kind of take no prisoners, be ruthless taking profits, and more ruthless cutting losses quick and keeping them small.

When my ready cash drops below 30% I get nervous. Right now it's at 35%.

I'm sitting on way too many stocks for my liking, 39 to be exact, not counting 4 in never never land.

I am still in a profit position on 25 of them because I either sold enough to sit with free, or sold enough to sit with a VERY low cost base.

Some may not agree with how I do things - SNLV for example.

I got in at .095. Today, partly because of this nutso market, when it popped, I sold half at .14. Cost base now .05 which should be very safe. If it drops back to .095 or less and I'm comfortable with it, I can always buy it back.

I don't use margin either.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext