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Pastimes : Making Money and Preserving Capital on the OTCBB Market -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (131)	3/25/2000 10:43:00 PM
From: Wayne Rumball	Read Replies (2) \| Respond to of 268

I finished reading a book today that my sister sent me after I got sick. The story was about some guy that played the market and got sick. Perhaps the message my sister was sending was that I need to take it easy. What I got out of the book is that I am settling on making too little $ A few things I did manage to get out of the book; Close out a losing trade as soon as possible. When you are on a losing streak a change is better than a rest. Let your ego trade and you are headed for the dumpster This is all loosly translated and my general interpretation. But I find it good advice

To: Wayne Rumball who wrote (131)	3/25/2000 10:47:00 PM
From: JamesB	Read Replies (2) \| Respond to of 268

That is truly an amazing philosophy. It is so simple to follow. You sell the losers, and you sell the winners. No matter what they do, you sell. Even a dummy like me has been able to grasp the concept, and it works. Sometimes it does take half a brain to decide the right time to sell, but it is usually pretty obvious.

To: Wayne Rumball who wrote (131)	3/26/2000 8:02:00 AM
From: ChrisJP	Read Replies (1) \| Respond to of 268

Hi Wayne, Glad you are feeling better. As far as the OTCBB and NASDAQ small cap markets are concerned, I have been conditioned by experience to your philosophy as well: If your stock doubles or triples in a matter of days, don't ask why, don't think this could be the START of something big. Think instead about taking some profits. If a stock jumps on good news -- sell it. Everyone else is. If a stock doesn't jump on good news -- then it is overbought -- sell it. But here's a spin on your philosophy. 1. Make a bundle on the OTCBB, which you have already done. 2. Take some money out, which you have already done. 3. Give some to your wife, which I hope you have done. 4. Let her buy whatever she feels like. 5. Find out where she bought it and who made what she bought. 6. Take long positions in some of the most promising companies she bought from and who made what she bought !!! Works like a charm !!!! LOL !!! Regards, Chris