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Microcap & Penny Stocks : DRL (D I Industries)

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To: John A. Paul who wrote (71)9/16/1997 11:07:00 PM
From: TATRADER   of 74
 
John Paul, looks like the stock is hitting my initial target I mentioned on this thread a month ago at 7.87....This stock is not like the penny nightmares of our past...I am done with having long relationships with penny stocks...DBDY and GRNO, all taught me good lessons on trading....I made a bundle on them, and then gave some back....(on AKSEF i gave more back than was given)Never stay too long in a stock...The longer you stay, the more that can go wrong with it....
Secondly, follow your technical indicators....No emotional attachments or dreams of what the company will become....The more you dream, the more chance for a nightmare...I have been doing very well day trading...I only make between 500.00 and 1000.00 on each position i enter, but am quick to cut my losses as well, when I have a bad entry point...Hit and run trading is the way to go, at least for me...All the best to you...You are right, this is a good company, but I am now out....Regards, Mark
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