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Microcap & Penny Stocks : VLVT (was CSMA)
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To: TraderGreg who wrote (7248)5/18/1998 10:31:00 PM
From: Joe Dreamer  Read Replies (1) of 11708
 
I hear you Greg, but trying to figure out the blue bloods is a crap shoot. And even if you did find one why not just watch it for its eventual run and jump in then. So you might miss the first 20% run but who cares if your cash while waiting is making so much more playing momentums. DD has got me nowhere recently. I just got a demo of PC Quotes Level II and have been having much more fun. I watch for the movers and jump in, hope to get a 10 to 20 % run that day, due some quick DD that night to see if I want to hold for a few days or get out on the usual gap in morning. If you can get 10% on $10,000 cash a couple times a week that adds up real fast. I know I made that sound easier than it actually is but I think the percentage is better in that scenario than buying, holding and hoping the price rises. I did that with PKGP today, in at .083 closed at .10 and I didn't know a thing about that company until tonight. If I wanted to get out in the morning I probably could get .11 (a 25% gain in a few market hours), though I liked the story so I will probably wait and watch for a few days. The problem is I have so much cash tied up in my longs that I can't take full advantage of the fun.

After all that, I am still long on CSMA, however more out of necessity than desire at this point.

Joe Dreamer
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