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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Lola who wrote (18914)1/7/2000 2:48:00 PM
From: Ed Pakstas  Read Replies (1) | Respond to of 36688
 
Lola...'Nuff already... We all post our MOMO picks here or the one's we THINK are going to gain some MOMO and we ALL takes our chances on them...
99% of the time we do a 30 sec. dd on them and we make our decisions based on that...
99% of the time we buy based on MD...
99% of the time we sell based on the same factor...
99% of the time we buy them based on a story...(Look at the run RRL had....
99% of the time we buy them based on a rumour starting to circulate...
99% of the time a poster already has a position in a play and he wants the world to know the companies story... Doesn't mean we all have to like it...

This is a short term trading thread... 5 Day maximum holds ...
If one wants to trade a play based on corporate fundamentals one better not play these puppies 'cause rarely do they have any sort of fundamentals to base INVESTMENT DECISIONS...

Big difference between a "MOMO" play and a "FUNDAMENTAL PLAY"...

If it's got MOMO who gives a chit what the fundamentals are 'cause 99% of us are trading these puppies for dimes and nickles...

The difference between us and the perly thread is that we look for liquidity in a penny play which enables us to purchase a larger quantity of shares therefore the puppy needs very little movement to make a or loose a few hundred bucks...

The perly thread buy's more expensive stocks but most of the folks over there buy smaller quantities and wait for larger price spreads...

Rarely do they concern themselves with fundamentals or historical News Releases and if they do they discuss them after trading hours....

Nuff said...I gotta get back to work...

...ed