Joe, been following your thread for sometime and respect your work. Its real easy to keep score at this game, you're either making money or losing it, and your No#'s speak for themselves. Its also occured to me while reading all the different posts that there are a handful of people that contribute anything constructive to the thread. Over the last couple of hours there were only a handful of posts that were informational, the rest were garbage. Everyones insecurities are showing and its really been humorous if nothing else.
Making money on Wall Street takes years of hard work,,,you have to make mistakes to truly learn how this game is played. Consider the people that got burned today on GMTID, they made a basic mistake when placing their orders, but the learning experience will be a lasting one. And even members of the thread learned a valuable lesson from todays experience even if it didn't cost them anything,,,enough said.
I am a technical trader. My main source of fundamental analysis that I follow is insider trading. I run a insider trading search using Telescan to find Co's that have been beaten up, and let the insiders give the clues as to the future direction of stock prices. The quality of insider trading (# of insiders buying + # of shares purchased) is critical. Here is a stock thats popped up on my screen and the chart says now is the time to buy.
First Virtual Holdings (FVHI) The co went public late 96 ($9.50) and has pretty much gone down since then. In December 97 stock was selling above $5.00 and has been straight down since. Recently it has bottomed at .62 and is beginning to make its move. Remember its gone from over $5.00 to .62 without even a bounce on the monthly chart. Insider trading is as follows - (+13,000 at 1.00 2/98) - (+86,000 at .90 3/98) - (+58,000 at $2.63 12/97) - (+155,000 aat 4.12 9/97).
I am a short term trader, some of my positions last for days, weeks sometimes even months, i.e.,(RNTK). The chart says this stock is ready to move. Looking for at least a double if not higher.
Hope the info is helpful, keep up the good work and could you add me to your EM list. Also post your EM address, I don't have it.
Thanks again
J.Claudio (ninas@execpc.com) |
