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Gold/Mining/Energy : Meteor Technologies -- Ignore unavailable to you. Want to Upgrade?


To: gordant who wrote (1284)2/24/2000 10:22:00 PM
From: Steelguy  Read Replies (1) | Respond to of 2127
 
Louise.....
It is none of my business of course, but in my opinion, your first post below does have an accusatory tone to it especially when you imply that Red pumped GFX and now has run away and hid. I think if you read the post below again, you will see how Red was put on the defensive.

We are all here to make money and I wish you the best. I would say that Red can be very helpful and his posts should not be ignored. We must remember that once we have been told about a stock.....if we buy....NO ONE can tell us when to sell.

enjoy the night Louise and let's hope we are trading MMI again soon at much higher levels.

sg

** you wrote **

Dear Mr Red, Why is it that you are so sure of the outcome of % Thoughtshare ownership by Meteor? Last week you were
pumping GFX (Golden Fortune) like crazy. It took a slight run and nose-dived considerably and we haven't heard hide nor hair from you again! I am a little concerned and would
really appreciate an explanation for both of the above.



To: gordant who wrote (1284)2/24/2000 10:37:00 PM
From: Land Shark  Respond to of 2127
 
I notice some animosity from you towards RR, because you bought on his reco. and probably sold at a loss. Well, when you are playing with fast moving penny stocks, you have to expect some volatility. That's the name of the game. RR's hype or not, it's gonna happen.

What I suggest to you, is to follow some basic rules:
1) Use only money you can afford to lose.
2) For pure momentum (momo) plays, Buy on the first day of a volume spike and use limit orders to get the best price you can.
3) Sell on the third day and/or after the volume thins out and the price starts tanking.
4) Sell if the thing if, it falls by 10% and volume is thin.
5) If the price doubles from your buying point, sell half and you'll have obtained 50% of your original position for free.
6) If you plan on buying and holding (i.e investing), do your own DD (due diligence) and research the company as best you can. PLAN to buy AFTER you've done your DD and are convinced it's a good bet. Do not buy on a momo spike, but wait 'till the price receeds. If you think it's a pure momo play, then you may want to buy anyways and skip the DD, but keep your finger on the trigger.
7) Verify any information you get on chat boards from other sources (e.g. Company IR).