Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Bucky Katt who wrote (391)	2/2/1999 8:43:00 AM
From: Rande Is	Read Replies (1) of 4766

William, you got that right. Buy on rumor, sell BEFORE the news on PRFM. As I said on HOME thread, we need one another to smack us upside the head now and then, when we get engaged to a stock. The second the heat comes in and the volume rises, I'm looking for the closest peak to jump off. . .3 to 13 would have been quite respectable. Swing trades and our longs. . . maybe some fairly low volume low profile momentums, like many of the ones we trade regularly. But once one of our babies grows into a monster, walk away and find another baby. Only keep a free lottery ticket. But the most important thing. . .learn not to average up. Say 50 pct is cut-off rule. From there ride, but stop buying. That should reduce risk or in PRFM's case, keep us from falling off the cliff. Lessons learned. What has your radar been showing, while I was away on a virtual honeymoon with the devil? Rande Is When we sense the stock being "discovered" is our cue to start looking for the best door.

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