Tokyo Joe's Cafe / Anything goes Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: Big Dog who wrote (24273)	6/7/1998 11:10:00 PM
From: Dave Gore	Read Replies (1) of 34592

BG...if our goal is to 100% hold all stocks for the long term, like GaBard is doing with MIDL, then I agree. One focus stock may be all we can do per month. However, I would think it more feasible to allocate 30-50% of our portfolio to our favorite "home run stock", reserving funds to buy significant dips. One of the things we will have to decide is whether we want to buy SOME stocks that we can get a 2x - 10x return on and then SELL if we can get that, in some reasonable way. In other words, we could have 2 types of stocks: the long term, home run stock...we never sell for x months the intermediate target stock... we sell when or if we reach a target. Where does a stock like MIDL fit? It recently ran quickly up 350% in price? Do you take a quick triple on it when you know that it is not ready to be a home run yet and will fall back? ANYWAY, please think about joining us and becoming one of the co-organizers. There will be no official leaders. PM me in interested. DAVE

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