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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: brad greene who wrote (1256)7/16/2000 8:24:26 PM
From: PJr  Read Replies (1) of 1305
 
bg,

You're correct that we shall have to wait and see. I guess our differing strategies are based on timeframes. If CMRC goes to that mark of $100+ next week, it will have gone from $45 to $100 within a very short span of time. Waiting for the IPOs and digesting the CMRC gain will take WCAP a tad longer, I'd wager.

I'm not questioning your logic, but I've been content of late riding a couple of WCAP's stable while keeping a minor position in WCAP hoping that its price reacts similarly. I'm not saying that WCAP won't do as you say. In fact, I hope it does. I've just found it a bit more lucrative being invested in the "reasons" for WCAP's moves rather than counting on the "reaction" to those same moves. As we all are aware, this stock doesn't always seem to behave like we think it should!

I hope that we both see a WCAP price significantly higher than today's levels. Come Wednesday, one way or the other, I will be taking some CMRC off of the table. Nothing goes up forever and this recent thrust may need to be digested temporarily before resuming. I don't intend to stay out of it for too long, however, since I am sold in the potential of B2B. I've very recently parted with my ARIBA shares since I think they are currently overbought. I'd probably do the same with my C1 holdings if their earnings weren't this week. I'll roll the dice and hope they mimic ARIBA's success, but my finger is on the trigger and is noticeably twitching. Strangely, I am more uneasy when I am out of those two than when I am in! <G>

Luck to us all.

Pat
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