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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (595)11/4/1999 9:10:00 AM
From: Norms  Read Replies (1) | Respond to of 4792
 
Thanks for reposting the rules. Let me add one real important observation of mine.

Sometimes it is better to wait a while before jumping in. Market Makers see all the buy orders come in after a post by Wayne, Lance, Kimberly and many others and you can just see the the MMs lick their greedy little chops and unreasonably raise the price only to see the price settle back in 10-20 minutes later. If a stock can run it will. Irrational momentum just hurts everyone.

If you just gotta have it at any price - you are better off waiting or not being in that stock in most instances. Greed and fear will do you in. EVERY SINGLE TIME. I know - I've been there and am learning.

Now let's make some serious money today.....Norms



To: Wayne Rumball who wrote (595)11/4/1999 11:57:00 AM
From: mark collins  Respond to of 4792
 
So Wayne, how do you feel about market orders? LOL

That is a lesson we all have to learn once. The other I would add is never buy a stock that you see someone posting on more than 4 threads in ten minuts. Another is don't become emotional stocks don't care about you. It is only money so don't cry too long on losses and move on to other opportunities.

Good post Wayne.


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