Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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

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To: Kimberly Lee who wrote ()	1/5/2000 12:06:00 AM
From: yossarian67	Read Replies (1) of 108040

I feel a sure way NOT to see 3 or 4 digit returns in a year is to overtrade.......I think some of us occasionaly trade way too often and don't allow ourselves to profit from obviously undervalued plays.....instead grabbing that "quick hit" instead of waiting 2 or 3 weeks - a timeframe I personally consider to be "short term" trading. Yeah to achieve great results you do need to pour a large amount of your account into certain stocks....but do it carefully and only with those that "jump out at you" and then just show a bit of patience......I know both $Mogul, Kim, and a few others will hold a stock for a few weeks to a month in order to allow it to achieve it's proper valuation Think about this: In order to get 1000%+ in 2000, you merely need to identify 5 stocks at various times this year that appreciate 50% over a 1 day to 1 month time period and place 50% of your trading account in them - and also locate 2 100% gainers using the same method. Assuming you more or less break even on the various misses/daytrades/momo trades that don't "go", you're there. That's just 7 plays in one year for 1000%+.....and it could be much higher if you find those doubles early. Doesn't seem so daunting when you break it down that way......I guess the moral is that if/when you find something that you just "know" is going to go at least 50%(like "If only I Held's" play today), put a large chunk into it. you just need a few.....I was fortunate to find nearly 7 in that incredible run these last 2 months.....OPTO being the last/latest. anyway, I hope I haven't rambled on too much here. 'nite all. Bill S.

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