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Strategies & Market Trends : Lizard King's Trading Swamp
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To: LzzrdKing who wrote (5961)4/12/1998 9:18:00 AM
From: VALUESPEC  Read Replies (1) of 7396
 
I sold SKYC around $ 15 when it started to fall, and bought almost all of it back @ $ 10.125. I bought some PURW @ $ 13.25, some MIND on Friday @ $ 13.50, and some ISTN a few weeks ago @ $ 8.25 based on a mis-reading of some technical info while I was on vacation(but since the company seems good, I decided to hold what I bought unless it drops below $ 7).

My biggest position is in SKYC. I'm waiting for more good news to come out by June 30, 1998 (ACTEL deal). I'm up about 100% so far this year. If SKYC does poorly, however, that should significantly hurt my performance. If the news I expect comes out, I expect to see $15+, if not just for a short time since the stock has a small float.

I might also say the results of my experiment last year showed that it is best to trade these small cap stocks for optimum returns. Many shoot up and then fell way back (i.e. MIND). If you had held them without some type of stop, you would have had a heart-wrenching ride.

I've been basically trading this year, though I have been more willing to hold one position as long as the story was good and the stock wasn't falling to any unexpected level. I also try to by in the low side of a trading range (unlike what I did with ISTN).

VALUESPEC
valuespec.com
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