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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Jim B who wrote (15621)9/14/1999 12:18:00 PM
From: BarbaraT  Read Replies (7) of 108040
 
Jim ... I have discovered that following *immediately* after Kim posts can be dangerous. If she posts a buy, it is usually up and if you chase, you buy at the high. Usually comes down -- and as you know, she is a trader and by the time you are buying she is selling and posting that she sold some or all of her position. And then it tanks. You follow her sell - and she posts that she is rebuying. So -- wait about 5 or ten minutes after she posts and if you like the stock buy it. When she posted she bought PPRO was when I found out it was finally trading. I waited (it was then around 30) and bought it around 26 -- also got scared out and sold for break even, then bought it back when I saw strength come in at 27 and sold at 28.

Just try to execute a little patience. I got burned too many times jumping too quickly. If the stock has momentum, it will continue to climb and you can buy on the way up ... otherwise, they usually come down and offer new entry levels. Just a suggestion.
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