Freeus, here is a system I have used during this wild run. Sell half after stock goes up a minimum of 10 points, try to catch a dip of 5 points or better down, buy back, shake well, and repeat after the next 10 points. watch the first hour and a half of the day, sell toward the end of this AM rush, see AOL go down 5,6,7 points buy back. Using this system I sold at 149 yesterday and bought back in at 143; sold at 1531/2 today and bought back in at 149. Had I been a little more daring couldve had it at 142 and do the whole run to 150 a third time. I have netted over $24,000 doing this just since 3/19/99.
At some point I will set aside X amount of AOL to buy and hold and only trade with 2 or 300 shares, selling half, buying back on a dip, etc. I am also prepared to sell all AOL when I feel the big boys may whack it, which could be next Monday, although they may have already done this today (154 to 141) and then the buyers came in.
I think AOL is unlikely to go down more than 20 points in one or two days if at all and then its on to god only knows where. Stock up over 50% since March 8. It could be 225 by the end of April. What do you make of this. I know I will have to pay a bigger capital gains tax but this reassures me the gain itself wont vanish. wish i had done this with dell leading up to feb 16th.
jhg |
