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Microcap & Penny Stocks : ROLLING STOCKS
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To: Steve Dunlap who wrote (128)12/3/1996 12:09:00 AM
From: Thom Taylor   of 233
 
I'll watch SMCC. I haven't pulled it up yet.

Wade Cook has a book Wall Street $ Machine. Bottom line is know your
exit before going in. It's a book worth getting. I made money on 2
different trades of call options with CSCO. I lost money on 1 CSCO put.
Anything very bullish is dangerous to short. It's better waiting. CSCO
is what WADE Cook calls a Range Rider. MOT is another one. CSCO is at
the top going down and should be ready in 10 days but MOT is ready now.

I use SuperCharts and down load from Telescan Quote Service. SuperCharts
lets you modify the indicators in numerous ways.

I don't think CSCO will trade sideways. It's like Gillet and has been
going up consistently for several years. Look at a long term 10 year chart.

>I look forward to hearing whether you decide to allow your current
> trades to work out, or pay the tuition, accept the lesson and move
> on to more profitable trades.

With option plays I tell my broker to sell when it hits a certain level
at the same time I buy it. If it doesn't work then I figure I should
not have bought it in the first place. Know your exit before you get
in on any stock or option play. If you don't know your exit then don't
get in. Remember it's the chicken that doesn't cross the road that
gets run over in the middle of the street.

E-mail me direct to: mindmatters@juno.com
and I'll put you on my broadcast e-mail list.

TT

P.S. Remind me of who you are.
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