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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (77428)	3/9/2000 6:46:00 PM
From: Steve Lee	Read Replies (2) \| Respond to of 132070

so far your skill appears to be trading a momentum market Oh yeah? So how come I bought my RMBS calls when it wasn't a momentum stock? How did I win the SI Y2k stock picking contest in Jan with a stock that I bought at 2 and change and went past 20 within a month? I'll tell you how - fundamentals. How did I make a boatload on VLNC calls before it was a momentum stock? PCMS? GBT? ECIL? All in recent months, all documented in realtime on my thread, all from fundamental research. I do not buy based on momentum because when that momentum disappears, you can lose a lot of money. I never bought AMZN or YHOO and wouldn't on principle, however much momentum they had. I do use TA and it works for me very well. It helps me to choose when to buy and sell from my list of fundamentally sound companies. FWIW, I think RMBS is going much higher. And did I mention I own a newspaper and a computer business? So I get to know what's going on. It's great how someone can make fantastic stock picks, get verbal abuse for it (not from you, I know) and when my calls turn into profit, have the success blamed on "momentum".