Dave, lots of good thoughts in that post.
Like I keep saying, every week, don't chase them.
I love hopping on MOMO rides, but I don't hop in, unless I'm in before it has moved much, or am REAL sure that the momentum is going to continue.
Even then, if I've done no DD, and it's really running, I'll sell chunks all the way up, each time, lowering my cost... RRR reduce risk/reward you won't make as much as some of the guys with the steel balls that hold it all and try to take the top off, but also, you won't lose big time, like they do, when they guess wrong.
Also if I've done no DD on a MOMO, and LOL don't even know the name of the company, man it's going to have to be REALLY STRONG heading into the close, or I ain't a gonna be sleepin' with it.
Nothing wrong, with sitting with a stash, of cash, at day's end, ready to pounce on the next "scalded cat" as someone said, that's running away.
As many people, including myself have said, the way to the big score, is finding quality companies, ON THE BOTTOM, then sitting back and waiting. LOL too bad, for me, I get bored so easily.
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