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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ

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To: PAR who wrote (694)6/23/1999 9:12:00 PM
From: Lazarus  Read Replies (1) of 1143
 
RE: >>>Buying on weakness (aka trying to time the bottom)<<<

I am just an amatuer and just learning how to trade stocks ... but I have found that Buying on weakness (aka trying to time the bottom)

sometimes pays off. Here are a few stocks that I have purchased on weakness during the last 9 months:

WOOD at .031
AXGI at .012
EYLT at .005
CTKT at .031
JNNE at .027
LMKI at .03
ELXC at .015
HVAR at .07
AIGI at .05
AQCI at .02
WTER at .022
TRIT at .015
QPRC at .008

There have been many others as well. I still own most of the above stocks. Some I sold part of my position in and then bought back on weakness Many of these stocks were at or near their 52 week low. I have a stock right now that I am accumulating on weakness - it is at its 52 week low.... and going lower as sometimes is the case when one does this sort of buying.

I gotta tell you though...there were many times when I sat on many of the above stocks for a long time while watching others go zooming up. I could tell you about some stocks that I bought on weakness and then finally gave up on becuz I got tired of waiting -- only to see them take off later.

Each person has to invest in the way the he or she is comfortable; it's hard to make iron clad rules when investing. There are times when one is going to loose money in this game: period - regardless of how brilliant we may think we are.

The race is not always to the swift nor the battle to the strong.

Lazarus
shield@psnw.com
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