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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ????

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To: tdl4138 who wrote (1060)7/1/1999 6:27:00 PM
From: Bilow  Read Replies (1) of 1196
 
Hi tdl4138; It may not be such a big deal, but boy, am I glad it came around just now...

After my ex wanted to get into the BNBN IPO (presumably at $25), I talked her into picking up 1000 shares of BAMM instead, at $9 1/16th. Then I watched it slowly slide down. She never sells at a loss... I got her out today, and I have never been so relieved. Instead of the loss, she gets a 33% profit in under two months.

Just one bad sales announcement from AMZN, and BNBN and BAMM are toast, along with the buy and hold types. No thanks.

This puppy is one of those crazy stocks that slowly slides down whenever it isn't skyrocketing. The secret is to sell it as soon as volume decreases after a rocket rise. Then pick up shares a little at a time as it slowly drops.

Because of that unpredictable skyrocketing, though, it is not something that I would want to keep short. Shorting intraday is probably safe, though.

-- Carl

P.S. PM me with an explanation of what "tdl4138" means.
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