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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (9798)	3/24/2001 8:19:43 AM
From: Wayne Rumball	Respond to of 11130

Yes Chris, there are momentum trades. Except they take about 3 days to complete. IBTR is an example. But I think it's going on 5 days now since I bought it a a dime.

To: ChrisJP who wrote (9798)	3/24/2001 8:47:44 AM
From: JamesB	Read Replies (2) \| Respond to of 11130

There have actually been some stocks with "momentum" lately. ABUY, IBTR, VDOT, to name a few real quick. There is just one teeny, tiny problem. If I do buy the damn thing and it goes up 20% or so and shows a bit of weakness, guess who is out real fast? And then buying back higher, and selling again for a few pennies. Unlike the "good old days", when you could just buy a pile, add here and there, sell some on the way up, hold "free" shares, and make a ton. My mentality has so totally changed that to attempt that is not even considered.