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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: Jason B who wrote (10605)4/16/1999 10:25:00 PM
From: Alan Coccio  Read Replies (2) of 10903
 
You're welcome. The life of a day trader is certainly an exciting one from 9:30-4:00. I would only recommend this life to someone that knows how to trade and use the available tools. You simply can't trade without the right tools and you can't be successful without lots of training and experience. Well, you can trade, but not necessarily profitably. <grin> I'll tell you one thing though -- it beats the hell out of working!

There is not a book that will teach you how to do it right. You can learn a lot of the technicalities though but you can do that right here on the net and don't need a book to teach you. I must say I learned very valuable lessons following the market makers controlling TPI's stock. Everything in this stock plays out so slowly that there has been time to analyze every move they make. I'm not sure I could have done that with a faster moving stock.

You absolutely must learn how market makers operate, their tricks of the trade and certain signals generated by their actions. They really don't apply to these micro stocks but once you get into stocks that sell in the $2-10 range, you can make a killing by doing it right. As I always tell everyone that asks though, don't give up your day job.

Oh, and yes you certainly did make a killing in WEST and congratulations once again. Did you sell out and lock in your profit?

Funny thing about NFSC right now since he's on the bid side of TPII's spread. He's clipping the spread like he's desperate for stock. For so long he was on the ask side and it seems strange to see him suddenly begging for stock. Did he oversell and wind up with a big short position? (Not necessarily him but someone he was acting for) Is he trying to even his books? I guess it will play itself out next week.
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