Good morning, Autumn and everyone. Good question. Most of my momentum picks are the creation of time, planning and will, not the involuntary result of fleeting emotions. I planned to take advantage of the rise for ADSP, for instance, as early as Nov 8, the morning after the MSFT ruling came out, fully anticipating that the Linux bubble would only become far more inflated in the coming weeks, particularly the smallcaps that had thus far escaped most traders' attention. That morning, I also bought BEOS, SFTW and a few others.
Message 11841808
<<Nov 8, 8:30am
thanks, 2MAR, you are so kind. Bought quite a few Linux plays: APLX 11 3/4 to 12 1/8, ADSP 3. Watching for entry pts in the others: CORL, INPR etc.
APLX has a large short interest, and its alos one of Fidelity's holdings - this could take out 15 this morning.>>
Reinforcing my conviction of the buy in a following post:
Message 11842535
Over two weeks elapsed since, and on Wednesday, morning, one of my associates sent me a quick note about ADSP's PR. Because I had been tracking ADSP's chart since early November, I didn't hesitate to add to my already sizable position in pre-market (mostly between 4 to 7/8). The premarket volume was very heavy, and I knew then that my plan for ADSP would come to fruition, especially with the "recreation trading" phenomenon during the Holiday Seasons. The company's fundamentals are far from impressive, but during this time of the year, mania, emotion and greed usually far outpaces regards for fundies as we witnessed in BAMM and a few others in the prior year.
MCAR, on the other hand, was a more impromptu trading decision. One of my "operatives" informed me of MCAR early in the morning, but I didn't act on it right away because I got distracted. I finally had a chance to look at the chart between 9:50 to 10, and caught a mm walkdown, picking up quite a few shares between 2 5/8 to ó. As the intraday chart became stronger, I continued to add my way to 3 5/16.
<<So tell me something. Where do you think the "civilian" traders get their info that they like get in on ADSP? Where did you guys first see it that got in to these
kind of "obscure" stocks that pop up? I would really appreciate getting in on these before they are so extended. Is there something you look for or?? Please
help. Just tell me where you first saw this type of thing in the stock and any others like this. >> |
