50% Gains Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Appleby who wrote (259)	11/18/1997 3:09:00 AM
From: Dale Baker	Read Replies (2) of 118717

Squeezes and the return of momentum buyers jumpstarted the usual suspects Monday - YHOO, AMZN, AOL and lots of others. The best way to play this - and it's a gamble - is to wait for a day with a big opening predicted (based on S&P Futures and the Asia numbers) then pick one or two momentum stocks which recently declined. Buy at the open and set a sell order 2 -3 points higher. I don't have enough capital to day trade like this and make serious money. If I could afford to grab 1000 YHOO on spec (and be ready to lose $2000-3000, too) I would on days like yesterday. At 100-200 shares it doesn't seem worth it. FYI, I'm covering my ZITL short for now thanks to that little voice in my head we should all listen to: "Pigs get fat, hogs get slaughtered". I'll pig out on my 8 points and see if I can re-short in the upper teens if it gets that far. Good luck to all today.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next