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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00630-10.0%Nov 5 11:11 AM EST

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To: lakers17 who wrote (1910)3/17/1999 9:44:00 PM
From: Ga Bard  Read Replies (1) of 3222
 
After losing 66% of my investment two years ago a dear friend named the trading system I came up with BTS (Bard's Trading SYstem)

My problem was I would not sell on a run because of greed. SO I developed a system that once you buy set immediately a BTS limit order GTC for half the shares at the double, triple or even a quad or more to get out your initial and some profit. Now all you have is free stock with no cost value. Say it runs to the moon then you have stock for capitalize on the run ...

Now say it falls back and you want to buy more. Well you do with the same initial and you cost per share is extremely low. Why because you have 33% more shares to add to that new buy that you had left over from the first investment. Now opinions vary ... why not sell out and wait for the bottom. If you are not able to watch and clearly understand the trading logs on a real time that is not very wise. I have heard so many times "I sold out at the double and it 10 bagged."

That basically is my system and after not sticking to it last year I BTS religiously now.

If SETO falls back I will buy more I grant you but I have half my shares regardless of what it does and I can capitalize no matter what it does.

Hope that makes sense.

Gary
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