To: CpsOmis who wrote (67079 ) 5/26/2000 3:19:00 PM From: SliderOnTheBlack Read Replies (1) | Respond to of 95453
o/t Cosmo re: the contest picks... No offense meant; but a buy & hold contest is "static" - traders rely on volatility & being "non-static". A pick is just that... I can love & hate the same stock within a 2 week period. I short SII @ 88, but I am a buyer at 72 & under and may be able to have done both within a 2 week timeframe if it retraces much more here. Also; as I mentioned earlier - in a pure % upside contest where one just picks a buy & hold company; the small caps are the way to "win" the contest. Same as in tech - you need to "pick" some obscure micro that will shoot up 1,300% etc - you cant pick INTC CSCO MSFT DELL and win a tech stock picking contest - same here. To "win" the contest - one should pick the likes of small caps TCMS OMNI WG UFAB NR & maybe FGH MDR etc for service, or the small caps in E&Ps as well - like MEXP BEXP RRC WZR BNO etc... Personally I think the small caps have huge upside; but they also obviously have a greater degree of risk of being dead money if they don't execute and some of those plays have solvency issues as well. I prefer to hold small, micro caps in a "Basket" approach and keep them generally in my smaller Long Term Non-Trading account. But, to "win" a contest - those are the types of picks that win contests... not necessarially what I want to trade - but to "win" a contest - sure. Obviously the contest here is fun , its done; but perhaps at a latter date; we should separate micro's from mid, or large caps. Maybe a good divider is 3 price catagories; sub $5 stocks, stocks from $5 to $15 and stocks $15 & over... or for example to have a contest to pick 3 stocks within the OSX index itself - now that would be a more relevant contest imho. I'm focused on just 3 stocks that stand out to me here - FLC & PGO for service/drillers and for E&P's over $15 it would be BSNX. - unless something pops up like a trade on the rumor/news play in NR, or unless something sells off significantly; I'm just playing those 3 heavy & keeping the cash to trade in & out of the Nasdq stocks, or individual stories here. Good Luck - hey; ole' MEXP may be the overall winner from the low $1 range by the way - $5 by Xmas after all (may get the Xmas part right, just the wrong year)... GOT NR ?