ASK: "THE LAST DON" OF MOMENTUM TRADES Message Board

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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

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To: majormember who wrote (1220)	12/24/1998 10:21:00 AM
From: Dave Gore	Read Replies (1) of 15987

All, when a stock that is running up like GSIC did, and the shakeout starts, you generally at most have one more chance to get out once it hits bottom and bounces. It's like holding a ball at shoulder level. When it starts to fall it may only bounce back to your waist, then each bounce may get smaller. But mostly I look at the chart. On RDIM it fell back to where it started it's two day run, and is a good company, so I bought at 40 cents on it's way back down (actually right after it came all the way back) GSIC started around 10 cents and it also has come back to close to those levels. If you do some DD you may decide that this stock does have some possibilities, but I am not buying until I check into it more, which I may not do for a few days. I hate seeing people get hurt on these things, but I wouldn't blame MM, he is good at finding candidates that can run. We just have to be really discriminating with our buy and sell points.

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