Hi Diane:
Thanks for the info.
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To all others I promised to reply:
Sorry guys, I'm one of those who gets super busy some days and nothing to do in some days. I'll get back to you guys eventually. Thanks for your patience.
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OK. Here is one of my favourite plays. This is not "really" a rolling stock. But, we can play this, if we modify the game plan little bit.
The stock is Netscape; Symbol: NSCP-NASDAQ
Here is how I do it. NSCP has bottoms at 36, 42, 48, 52, etc. and tops at 48, 56, 64, etc. NSCP does not "rolls" b/w a certain range. It "rolls" b/w a top and a bottom. It is a very fast moving stock and you have to watch every day (if not every hour). I usually monitor the stock very carefully and when it "pull back" to a bottom, I become "alert". I will stay on w/ the movement until it becomes clear that it is bouncing off the bottom (some times it go thru the bottom and in this case I'll wait for the next bottom). As soon it becomes apparent that the stock is moving up, I'll buy some shares and let it run. I apply the same principle when it reaches a top also. I'll not sell it until it is clear that it is starting to go down. This way I don't loose any good run even though I'll lose a little bit when it reverses from it's high.
Look at it now. Friday it closed at 50 7/8 (5 3/8 gain on heavy vol., 5 mil. shares). The current run started from 36 w/ a pull back b/w 46-42 range.
NSCP gain/lose 4-5 pts in a day some time. So, we have to be extra careful. Always, use a small percentage of the portfolio for this type of investing. If I gain $1000 in a week that's great. However, if I lose couple of hundred bucks, I'll cut my losses and get out fast.
Please note that this does not work to every body. I play this when my work load and other commitments are minimal so that I can concentrate in this game. I consider this as a very speculative/exciting game. Big chunk of shares in my portfolio are very fundamentally and technically sound companies.
Oh.. yeah.., you all know that NSCP has a very good product and lot of research materials available in NSCP unlike most of the rolling stocks.
Comments are welcome.. Remember, do your own due dilly and get rich s l o w........
--Salim
P.S.: Does any body know a good, cheap real time quote server? |
