Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: RGinPG who wrote (17996)	4/5/1998 11:00:00 AM
From: Bazmataz	Read Replies (1) of 95453

<<It goes against my nature to buy a stock that has recently appreciated significantly in price (it has gone up) while there is an "equally good if not better" value stock that has yet to appreciate (it has gone down). I'm at heart a bargain hunter.>> I know. It goes against my nature, too. But it's been making me more money since I've changed my trading tactics over the last year and a half. Look at LU for example. Even if you'd bought it after a 15% runup in one week, you'd still be looking at another 40% or so tacked on in just over two months. If you set your stops pretty tight, you can make money doing it. I don't know, I guess what I'm touting is more of a follow the momentum players, although that's not my intention. I once read that the best stock to buy is one that's making new highs, not one that's hanging out near lows or lagging behind its sector. I guess there are always things going on in the market that despite the Internet and all, we small investors can't get a hold on. That's always factored into the market, and we just don't know it. Anyway, that's my 2 cents. BAz

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