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Strategies & Market Trends : The picks

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To: Trader X who wrote (2808)1/23/1997 5:11:00 PM
From: p. webster   of 6124
 
RE: INNO CCUR CAMP PCTV CAWS HART CUBE

INNO--up 30%. Volume 881K+, bid 3/8 ask 13/32. Even more important, however, is that the 2pm crowd, the brokers/wall street folks, came in at 2:15 and bought ~200,000 shares. This is the first street action that I've seen, and it bodes VERY well for this stock. INNO has finally caught thier attention. The close was a 20,000 at the ask. Get ready to rock and roll!! I'm stickin' with this till it hits 1.00

CCUR -- bit of a pull back. Can still buy below 2. Great little co.

CAMP & PCTV -- holding at first recommended levels

HART--CEO resigned today, bit of pullback, then recovery. He's staying with consortium. Traded up to 9 7/8.

CUBE--up 7/8 It should be noted that yesterday when SGS Thompson and
ESST dropped precipitously (10+ and some single digit number) CUBE hung in there.

About bottomfishing:

I am a dedicated bottom fisher. I feel some responsibility that the stocks that I talk about here do not cause harm to those who listen to us. We are not professionals, and are not accountable to anyone. But I, and I'm sure some of the others, feel this responsibility that if it doesn't work out, that little harm is done. That is why I look for bottoms. I don't have Shawn's connections, but I share his view of trying to provide opportunities to get into a potentially good situation before the big guys and the general public.
Most, if not all, of the stocks that I talk about started at or near a clear or perceived bottom. If you bought them, buy the time it is clear that it is not a good situation, you should be able to get your money back. That is my hope. I have a clear proceedure and discipline for trading stocks. It is outlined in replies 1496 & 2240 as well as here. I will never give you a stock that I know has done a Reg S or has sleezy management. If you do not like my approach, don't read my posts.
This may sound a little defensive, and I don't mean it to be, nor did I take great offense to the comments made today about those who try to pick bottoms. I've been burned too many times playing momentum stocks, dropping knives, brokerage recommendations. Each of us has our own approach. This is mine.

Good luck to all, & let's have some fun.

P. Webster
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