WITC. . .just before I left for vacation. . .you may remember me saying. . "I'm a buyer at 9" . . ?? . . .the absolute low for the stock?? ?? . . Exactly 9 . . [now up well over 3 times that]
Too bad I went on vacation just after posting. . .it hit 9 about a week or so later. . [I cancelled my limit orders just before I left.]
I guess this was an important post. . .
Message 9966980 or
Message 9965869 reply to your
Message 9965103
Friday, Jun 4, 1999
Joe, WITC: Traders use their brokerage services now. And if their plans come true, this could be a contender in the online brokerage race, in my opinion.
Their digital trading service scheduled to be released this year, will allow us to trade directly with one another 24 hours a day 7 days a week. . . without MM commissions and spreads, etc. That is revolutionary.
And if they allow the little guy to buy IPOs, then that too is revolutionary. . . I am not crazy about traditional online brokerage houses, so anything that goes against the grain, gets my vote.
My OTC rules are to keep me from making mistakes with OTC and penny stocks. WITC has filed their IPO registration which includes all financial data, etc. . .or they would not be allowed on the Nasdaq.
And I think that 9 is a fair price to start a position. If it drops lower, I would average down some. This is all keeping in mind how desperate we were several times over the past year, to find small online brokerage houses to bid up to the sky.
In fact we need to keep a list of any tiny brokerage houses. . .especially those with tiny floats. They all are potential skyrockets when the mania returns.
Rande Is |
