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Strategies & Market Trends : WR's Momentum Trades
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To: LANCE B who wrote (4471)2/4/1999 10:17:00 PM
From: Fred Davis  Read Replies (2) of 11130
 
Hello lance. In response to the newbie's bailing out early I did bail way too early on MHMY and paid dearly for my mistake. I apologize for this and now know better. Just wanted to say that the impatience, at least for me, was a learning curve. I admit I followed the picks and the success of the price increases but made the mistake of thinking of this thread as being too much like so many of the momentum threads on SI(I now know better). By this I mean very short term and after being here longer I was pleased to discover that buying one of yours, Wayne's or others picks in the morning doesn't require selling at the close for fear of a it tanking. IMO this partly contributes to the impatience issue. I think a lot of newbies here haven't been able to experience the pleasure of getting in on momentum before the momentum ever hits, JMO. That's what makes this thread so great.

Regards,
Fred
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