To: MileHigh who wrote (25891 ) 7/28/1999 8:48:00 PM From: Boplicity Read Replies (1) | Respond to
Sell, I did. I made most of money in RMBS last year. It was much easier to play then the first part of this year. The story was so fresh and all full of promise, the perfect environment to buy and play a stock in. QCOM is the environment now as was YHOO, EBAY, AMZN and the rest of the nuts the first part of this year. Now the story for EBAY, AMZN, and the nuts are known and it's a mess IMHO. One should buy the story if it's big, and easy to understand by the man on the street, before the detail come out and the company has to deliver on the promise. That way you have a lot of buying power behind a stock (the man on the street is this buying power) with out all the messing details to hold it back. RMBS is on the boarder of the beginning of the detail phase. I bought back in in Feb. got kicked out. I bought back in April got kicked out again. Right about the time I was posting how much I hated RMBS was the bottom. That feeling should of been the tell for me. I was trying to find the bottom. I wanted to own RMBS because I know how much buzz factor RMBS had and is still going to have. When a stock has that buzz factor that's easy money IMHO. But I kept getting kicked out again. I bought back in May, I have added many times since then. I buy in if I see the stock stay on a trend line, and add if it bounces off it. If you connect the lows from May, it's straight line. We just had one those bounces today. Now I'm holding till deployment, the detail phase for RMBS will begin then. I'm happy we are not going to get full deployment right away. That means to me the story has more to run, not to mention other none PC applications that will be announced, which will add fuel to propel RMBS higher. So I feel there is more money to be had. I hope I'll be holding RMBS for sometime now. Famous last words! <gg>
