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Pastimes : Blue Cheap Stock TRADING

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To: BlueCheap who wrote (238)	10/1/1997 12:37:00 PM
From: Tom Hofmann	of 1078

Question for Blue Cheapers. I need to learn more about picking stocks under $10. I'm comfortable at $10-20. For example, one technique that's been very effective: Find a $10-20 tech stock that just prewarned of a bad quarter or dissappointed the street with their numbers. The chart will look like a ball that rolled off a table and is bouncing on the floor. Make damn sure the fundamentals are still in place(basic fundamental analysis). Then make sure the problem is temporary(i.e. NOT that the company's product is now outdated). Then buy and wait 3-6 months. It worked this year with MDLI(17-31)(now merged), ANET(10.75-17), BRKT (9 11/16-16), and in biotechs with ISIP (13.25-17).It's buy on maximum FEAR, sell on GREED.Sounds familiar. But I need help with these smaller issues so I can pick the right ones and control more shares.How do you pick smaller companies and make sure the fundamentals are OK. For example, why will MSN come back? Any thoughts would be greatly appreciated. As for the above outlined tech strategy...IKOS has the charachteristics, once it lands. It's having trouble ramping up a new product area. This is all my opinion and is not investing advice.

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