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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: walkman_99 who wrote (30614)	8/26/2000 8:46:40 AM
From: Clappy	Read Replies (2) \| Respond to of 35685

Dear Sony-Portable-Radio/Tape-Player-With-Light-Weight-Headphones-99 Dude, So do you have a lot of nervous energy you likes to burnoff doin' all that day tradin'? Pickin' entry points can be a bugger.. You're not kidding. I haven't been spending my whole day doing though. Perhaps an hour a day at the most. I've simply been looking for news that comes out after 4:00 PM for a stock that has a small price tag and small float. Then in the afterhours I can buy some as the rush begins. Sometimes it takes only 5 minutes to see a 10% gain. Then I sell all my shares and I'm out with my profits. The same can be done in the morning as news breaks. Clinton's speech about Stem Cell research was the perfect example of how to ride the short burst of momentum. The company with the ticker STEM rose very quickly. Many of the biotechs not even related to Stem Cell research rose dramatically. I simply rode the wave of enthusiasm and then got off just as the shorts began to climb on. CALY rereleased a news report the other day that they won approval to be the only company so far who allowed to marked an AIDS screening test that works via urinalysis. They were a $2 stock that shot all the way up to the high $6 range in less than 2 hours. Mind you, I said they "rereleased" news that was out over a month ago. The company was smart enough to flash this info during the feeding frenzy of biotechs. However, this doesn't always work out. The other day Gilder added WFII to his list. I expected them to rocket upwards like many of them do. I bought at $70, $68, and $65, then I waited. It eventually caught on and rose up into the mid 70's. I sold 1/2 at $76. I kept waiting and waiting for it rocket into the 80s or 90s. It hasn't happened. Volume has dried up some. I was heard saying to myself, " 64.217.3.98 ". Anyhow, I'm doing some DD on them. I'll probably sell WFII to buy more RMBS if the market dips. -Clappy