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Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (72)	1/17/2001 7:03:46 PM
From: shawnwolff	Read Replies (1) \| Respond to of 223

To: Fun-da-Mental#1 Re: Waiting for good news That's an interesting point. You are right. In fact I have done trades like that. INKP comes to mind. I bought it upon hearing that they were working towards fda approval of some sort of colon test drink. I held it a few months waiting for the news, and then sold on the spike. They halted for the news though, and I had to wonder during that time, what if they didn't get approval for some unforeseen reason? Or what if I had been gone that day and didn't realize the news was out? In the blink of an eye it was back down again. Obviously any trade is based on the hope of some future event that has not yet happened. It just felt risky. I also had to think afterward, I kept this money tied up for months for this 4 pt spike that I could easily have missed out on. Does this strategy work for you consistently? - Shawn