Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: lakers17 who wrote (8807)	1/30/2000 10:29:00 AM
From: Ga Bard	Read Replies (3) of 9440

All of the people that have been online trading know full well to watch a stock to see if it is a pump and dump or just a BS momentum run. Hype and cheerleading longs will not keep a price up long. It take solid information ... It is harder for a stock to get buyers than sellers. I have not played AVBC's swing with my 40K core position because I never know when it is going to take off. CBQI I played in and out of last year till the new management change and I started accumulating ... I have not BTSed it yet though it would only take about 1500 shares to get out my initial. Problem is why sell it now that the NASDAQ Smallcap application has been made and the last 3 mega newsreleases. I may have to shortly but I am willing wait as long as possible for the real world and NASDAQ. But then again things can change in a nano-second you know. If I had sold all the way up from 1.75 then I would not be in the financial position I am now ... AFTI is another one from .18 to over 2.43 right now. Lots of those folks have not sold a share and they were/are high on it. LUMM is another ... See day trading is extremely dangerous and day traders are watching stocks they sold out for say 30% go 300% and more and hold. They are ticked off and are always saying if I only held. The problem I have on line is day traders are getting ticked off because long termers that believe are not giving up stock on chump change. Day trading can kill you far more quickly than going long. Most now refuse to go long unless their is solid DD and reasong to go long. Anyway I have my style, system and principals and that is I do not play my longs but I will play in and out of a momentum in minutes. $5K last December 1998 total equity to Over $300K+ total equity right now beats the heck out of day trading and short term trading. I have a friend that has done nothing but lose money in the market through big brokers and following the advisements of on line dumb money as I call it. He took his last 1000 in December and finding quality stocks now has $2,000.00 in cash to find another BTSer and $6000.00 in solid equity. Well have to learn the hard way. Gary

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