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Microcap & Penny Stocks : ROLLING STOCKS

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To: Salim Ilmudeen who wrote (86)	10/18/1996 10:09:00 PM
From: Walter N. Schreiner	of 233

Salim, Thanks for taking the time to answer my questions in so much detail. I asked publicly because I thought someone else might also be interested in your response. Hope I was right. And I do hope others share their methods as you have done. It's always seemed to me to be possible to play the wavelets, but as you indicate, it takes watching the market very closely, especially for a stock like NSCP. Guess it's basically what all these guys are doing who sit in the brokers offices all day watching the ticker tape -- recognizing and playing the daily patterns. It is also interesting how you seem not inclined to hold the stock when Netscape is releasing their quarterly earnings. Results could be either better or worse than expectations, so it is an unknown, and not predictable. So your rule, apparently : sell and don't take chances. Looking at the chart after the market closed today, it looks like NSCP may be at or near a local top anyway. Curious if you did go ahead and sell today. TO ALL : This is a great forum !! Sharing like this has got to be as good as going to Wade Cook's (expensive) seminar. Keep up like this and we'll put Wade out of business..... Good Investing Walter

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