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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Rita who wrote (5442)10/27/1999 1:56:00 AM
From: Feraldo  Read Replies (1) | Respond to of 6445
 
Well, hm..

Yes I did know all of this. I only buy IPO's after they've been out for a bit. Plus, the account is partly mine, partly my dad's but I manage it. I'm out performing his accounts in the last two months. We both tried to share in the management at first and it didn't work. He let me take over, and I lost 50% in about three weeks. Since then I'm up over 250% (about four months).

I like IPO's because they are volatile. As a college student I have a fast net connection and some free time during trading hours, so I have to have some excitement. I tried day trading but it was too hard without actual real time news and bid/ask prices. Then I started watching IPO's and studying their charts more than I had before. I like it. I try to stick with profitable IPO's, such as NTSL and AIRO. What I really want is to get enough money and a connection and buy shares before companies become publicly traded. My dad could have done so when ITWO came public, but that was before IPO mania hit and he wasn't sure about it. Oh well.

Thanks for the info though. I'm always open for suggestions on how to trade, but not always whether a stock will go up or down. Just read the ANF thread. Got a little cocky on that one.

feraldo. If I rambled it is because it is late and I am tired. Just checking all my different mail and discussion group areas before I go to bed. Waking up at 8:15, showering and getting ready for the open.