However, there are still tons of money to be made these days by simply follow big daily
runners. The trick is identify them early enough, then trace them to the end. Yesterday
there were YHOO, AOL. Today they were RNWK, DCLK and NSOL. I admitted that I
have cut my holdings of AOL, AMZN and YHOO down to 500 shares each, and use the
majority resources to trace the big runners. So far this trading tactic seems working. The
reason is simple, not just me who am moving money around these days, everyone does.
Who wants to lose his/her $10 ~ $20/sh profit got yesterday (last hour)? Therefore
people grabs money and runs. On the other hand, when a stock is hot, it's getting hotter -
in next day or so that is – because of the fresh money dumped in by these people.
MB,
You described this perfectly. I have difficulty locating the movers early if I am working.
NSOL rushed back big time today, up $21, partially fueled by the short squeeze. As
BancBoston's Keith Benjamin said and I agreed, NSOL should report a very positive Q1
result at the end of this month, and should hit new highs afterwards. In my view, it could
be sooner than that. In fact, it could be as soon as tomorrow, or the day after, if we
squeeze the @#$%^% out of those shorts. If we get an analyst's positive comment and/or
company's fresh news tomorrow morning then things would get even hotter. My
prediction? How'bout starts at $120, finishes at $135?
I like this too:-) |
