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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!
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To: Mike McFarland who wrote (1041)3/28/1998 8:16:00 AM
From: Mike McFarland  Read Replies (1) of 1100
 
typos--I should have said "note the bad prices"
in fact, my 55k shares went out at the low of the
day for MINE.

Also regarding "take advantage of a beginner like me"
actually, that is not true, market makers may skim
quite a spread off of traders, but I have to say
if MINE trends down some more on Monday, I will
certainly be grateful that I was able to sell.
That is what market makers to for us--they allow
us to get in and out, sometimes fast!

I have another comment regarding penny stocks:
A fellow sent me a message asking if I thought
he could make money trading off other's penny
ideas. I told him that I was probably just lucky
and that he should look into IRC chat groups.
you have to be totally watching these pennies
all the time. It was just luck that I got out
today--I was going to go work in the yard and
my wheelbarrow had a flat. I decided instead to
check the quotes one last time, and there was
the news on MINE. Likewise, on Monday I might
have sold some shares at 19cents--but I did not
happen to be watching. Pennies can be awfully
volatile!

So after today's profit-taking, I am down to only
a handful of puts! Now that's bearish, off to the
Kahuna thread for me!
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