James, with the new BB eligibility rules, the pie is getting smaller all the time. As the E's come, and more and more are delisted, more and more $$ are concentrated in less and less stocks.
Sure the bigger board stocks are great, huge $$ to be made, but Nasdaq momo's, as you've seen, can tank just as hard as the pennies.
So here lately, while we jump on the momo's all the time, the bigger bucks are made by finding the decent ones, on the bottom, and just sitting back and waiting. And generally you don't have to wait long, a week, a few weeks, and off they go, for whatever reason....
If we're in on the bottom for good reasons, and they momo, we take full advantage...then sit with free or really cheap shares, let it drop back......maybe buy some more...or just sit and wait.
Remember, nibble, nibble, nibble, fills your belly, just like big bites, but less chance, of indigestion.
And as the stash, of cash, grows..you can afford to take bigger bites, hold them longer, or as in my case sell in stages, all the way up, and when the momentum stops, or slows, you've got $$ in the jeans, a whack of freebies left, and a little bigger stash, of cash, for tomorrow.
Best regards,
Jimbo, sitting 83% cash, a whack of stocks, and ready for anything...next week. :-))))))
OGPS - I'm gone..I will not go pink, intentionally, with anything, no matter what the potential...and so far, it's done me well. |
