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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!
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To: blowout who wrote (889)3/1/1998 12:16:00 PM
From: Double Dipper  Read Replies (1) of 1100
 
This is a touchy market. Dow past 8500 is a major major milestone
point. From scanning around the threads there is a lot of sentiment
about a market pullback. Advance decline line has turned negative.
This market is too rosy. Roses have thorns. Be careful out there
of over commitment especially with margin accounts. This rascal can
turn on a penny (no pun intended), and the microcaps will suffer
first. I plan to play big this week but hold lots of reserves in
hand in case a pullback does present itself. Then I will have the
funds to buy low and sell high. Isn't that the idea?

In the "sharing the idea column" I am looking at two stocks this week to do something if the market is stable.

FAMH is supposed to lay their numbers on the table in
a report early this week. If they come in at about .11
cents as stated by Mgmt in a conference call the stock could go from .30 cents currently to 50 cents or better. That is speculation, some are saying a dollar but I'll settle for 50 cents. Of course if the numbers are not there, the stock will tumble. This is a Gamble on the Mgmt being as good as their word with no hidden surprises.

Second one is SMCH. Smart Choice Automotive Group. They have a
great looking chart for a nice run. Have a strong buy recommendation
on them (see yahoo research). Numbers are somewhat suspect now due to poor earnings report. Report has been out about a week and the stock
hasn't died yet. My play will be to day trade on the chart and buy recommendation. I won't buy or hold if the market turns sour.

To quote Mr. Spock. "Live long and Prosper."

Kevin
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