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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00630-10.0%Nov 5 11:11 AM EST
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To: findstock who wrote (3053)3/27/2000 10:20:00 AM
From: Dave Gore  Read Replies (1) of 3222
 
Findstock, MM's will drive anyone nuts who is a shorter term trader. If you try to buy on momentum runs, sometimes you are going to be underwater. They know that, and sometimes will not let a stock run again until enough short termers have sold at a loss and moved on. Then they often add insult to injury and really make you feel stupid again for selling early. SETO was left for dead at 30-50 cents several times before enough longs accumulated, held, and bought the dips. The patient usually always win on excellent quality companies.

I try to buy mostly excellent quality companies when either few know about them or if the stock has tanked after a panic sell and daytraders getting out. I try to win short, medium, and long term. I try to never be underwater and I try to be patient. Usually it works pretty well.

If I am underwater a stock, I usually make it a longer term investment and just hold...if I love the company. Watching the ticker all day and getting pissed off at yourself because you think you paid too much is not very healthy. If I can't wait or I have second thoughts about a company, then I may sell at a loss and move on.

With earnings season upon us, I am not planning on selling many of the good stocks I have, but I won't be in the OTC too heavy this summer.
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