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


To: ChrisJP who wrote (10997)8/18/2003 3:13:51 AM
From: Wayne Rumball  Read Replies (1) | Respond to of 11130
 
How's this for stupidity;
Bought 125,000 shares DMNX in mytrack @0.0015
also bought 1/2 million shares in a rarely used account 0.0015

So one day last week I'm going through my mytrack account, see the 125,000 DMNX and kick it out 0.0035. It released news 5 minutes later and ran to 0.015 that day I think.

So I'm kicking myself for a couple days as it runs to 0.035.

Then finally it starts tanking, and I think, good you POS. That's right about the time that I take a look into the rarely used account and find I own 1/2 million shares I FORGOT ABOUT!!!!

all said and done I pulled out $8K from a $750 buy. Could have been $15K if I had been awake, maybe. Or had I not forgotten about it I might have sold them at 0.0035 too......

I have no idea why I bought it in the first place and no one in the pit seems to know either, I would have mentioned the buy.

Wayne - Master trader at work