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Microcap & Penny Stocks : ROLLING STOCKS
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To: Joe Lowe who wrote (3)8/25/1996 10:05:00 PM
From: Salim Ilmudeen   of 233
 
Thanks for the mail. Your approach seems to be interesting. I made
a quick chart check on your stocks. Only REN seems to fit your
description of "rolling" b/w a certain range (2 7/8 - 3 7/8). Am I
missing some thing here?

A friend of mine says that he uses the following method:

Find a quality stock which has a high volitility (i.e., a stock
which moves several points w/i a week or so). Monitor it and buy
when it goes to it's low point w/i your time frame (one to several
week). Sell when it reaches your sell range and get out and wait for
the next move. He says you have to use stop sells in both ways
to limit your losses and to get a quick return. I don't have any
comments in this now as I'm monitoring his recommendations.

I personally think that one should always invest in a very high
quality stocks. However, the temptation to get a quick buck
here and there is always very tempting. I think probably if I
have some gambling money (a small percentage of what I have in
my portfolio, ~5-10%), I should try some system and try to develop
a method to make some money and some excitement.

Wade Cook's book (wall street money machine) is available in most
of the big book stores. However, I would recommend that you check
your local library and borrow one from them before deciding to buy
one . I borrowed one from the local library 2 months back and did
not had time to pass beyond chapter 2.

Good luck to you.

--Salim
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