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Technology Stocks : Lance B's : Its A Beautiful Thing

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To: LANCE B who wrote (4636)12/11/2000 10:47:49 PM
From: Tom Allinder  Read Replies (1) of 4792
 
OK... IF I post a stock here that means I will continue to update developments with the company.

Having said that, for those of you who don't know, I do nothing all day... I have no job, virtually no responsibilities except the utility bills and the miniscule mortgage payment... I am 41 years old and retired after 20 years of arduous duty which included 8 deployments of 6 months or more at sea in foreign waters under sometimes hazardous conditions... in the U.S. Navy.

I have been fortunate enough to have studied the OTCBB and NASDAQ markets to know them well and even more fortunate to have done pretty good buying and selling stocks in the markets.

What I do all day is trade fast moving NASDAQ stocks and search endlessly for opportunities on the OTCBB... Every year there is a handful of stocks on the OTCBB which see gains in the THOUSANDS of percent. I participated in parts of one or two of those.

The process of finding these stocks begins with looking at charts. Once I find a stock with an attractive chart I look at the fundamentals; what are the shares outstanding? what is the public float; I look at prior news releases and.... I LOOK AT FILINGS. There is huge information in company filings that go totally unnoticed by the average investor. Once I have decided that a company might be a good investment, I call them. I ask lots of questions. If the people at the company are not forthcoming, I strike them from the list. Then... I call again, ask more questions and ask a lot of the same questions to see if the answers are the same or different.

Then if the company is really something special, I will go and visit them.

We are at a critical point in the markets... I happen to think that the election thing is going to finally get over with, the Fed will begin easing. (REMEMBER: ALL big market rallies were initiated with FED cutting rates)... has all this been priced in already? I think it has. Or, what is bothersome is these big gains on NAZ will have to tank one more time because all the good stuff has already been priced in... that leaves us with a question: What fundamental reason does the market have to go UP?

I do expect that if the NAZ rallies into the 3100 area it could go 3300-3500 before correcting. All these big NAZ gains (some of these stocks up 100%+ off their lows 2 weeks ago) will eventually filter down to the OTCBB.

I have heard many people say... The OTCBB will never do what it did last year... Well, maybe not, but there will be some BIG winners over the coming months and it is up to us to find them here and now while they sit at the bottom.

Tom
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