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

To: Aj-Ruk who wrote (2873)	1/16/2000 11:49:00 AM
From: LANCE B	Read Replies (3) \| Respond to of 4792

A.J- THOUGHTS ON HOW MANY SHARES.. we have always stress that no one stock should make a big difference in your portfolio..we use to say only 5 percent of your portfolio should be involved in one stock..plus,we like to play what is hot on this thread,long term investing in the otc market is not what we would stress,so the amount of shares might not be a factor because their is enough volume going on with the stock to get out.. ccgr- might be a question for joe copia,he has a lot of info from the company,this is a stock that he continues to update his dd on...there are certain stocks you become attached to because you believe in the strategy of the company and people running it,this is one like NSTG TO US,that copia seems to have....i do know that the market makers play a big manipulation game with it,so this might be good time as others have been let go,i did noticed that ccgr has about doubled in the last 2 weeks to the .11 cent range..

To: Aj-Ruk who wrote (2873)	1/16/2000 1:01:00 PM
From: Tom Allinder	Read Replies (1) \| Respond to of 4792

You are right... it is hard to accumulate large positions in OTCBB stocks especially if the float is less than 5M. When I do accumulate a stock, the selling process is done a little at a time to keep from tanking the stock. I sell a little on the way up and buy it back on dips. I generally hold at least half of the position as a core position. Tom

To: Aj-Ruk who wrote (2873)	1/18/2000 9:38:00 PM
From: RichBear	Read Replies (1) \| Respond to of 4792

AJ..Thanks for asking the question..Been around quite a while but I still learned something by reading other's answers and also thinking about what I do. For "day trading" stocks, it's a very tough question because there are so many variables; float, shares trading per day or per hour, price, cash available, speculative nature of the investment etc. but usually I try to invest an amount that I believe can be sold quickly if it's a fast moving stock. Been there too many times when you ride it up and then can't unload it as it drops (see Tom's posts regarding MM manipulation). So I guess exit strategy is an important variable for me. One other thing I will do frequently is unload part as the stock appreciates, especially when I have a significant position (over 10% of my portfolio). I tend to agree with Lance's 5% thoughts but that's sometimes difficult to follow when a stock triples in value. I do try to keep my fast moving stocks (those that need constant L2 monitoring) under 4 at any one time and preferably 2. Hope this helps. The answer is, there isn't one answer. The Bear