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Pastimes : A Place to Hype Your Picks Safely -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (275)	11/5/1997 8:14:00 AM
From: JANDERS	Read Replies (1) \| Respond to of 363

Here's my first hype stock, though a conservative one,...KSU....Kansas City Southern. They're a railroad company that also owns Janus and Berger mutual funds. They recently announced they are splitting off a majority of the railroad to increase shareholder value. The stock was at $35, dropped to $29's and is now $32's. Momentum is building again.

To: Mike McFarland who wrote (275)	7/11/1998 3:31:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 363

I just rediscovered the thread and thought I would do my follow up, I am happy to say that Viragen, although right back where it was when I posted my first message here, was the stock which put me in the game. Since I made some money trading this I've been having a blast. At one time I thought I would be buying and holding promising stocks, and in time, maybe that would pay better, but so far trading has been the way to play. The details are at the bottom of this posting. Anyway, after making my grubsteak in vrgn I've been trading like a banshee and have run my balance from 15k late last year on up to 70k--but I haven't really been able to break through that number by much--it is as if I am in a trading range of sorts. So the question is--when and if does one decide to stop trading, and let his/her picks just cook?? What are the odds that a trader will just self-destruct?? I think the smart thing to do is try not to change you tactics--but set a mental stop loss to your balance (60k for me) at which point you sell everything and sit it out six months or so. Any thoughts? I should point out that now I have eight stocks and some cash--maybe it would be foolish to go through with my mental stop if it is reached?? here are details of vrgn, first the chart quote.yahoo.com the trades... first trade back in November I Bought VRGN 1000 1 15/16 average down, then a quick out, and back in lower I Bought VRGN 2000 1 1/2 I Sold VRGN 2000 1 3/8 I Bought VRGN 3000 1 3/16 chart must have bottomed out, loading up I Bought VRGN 3000 1 1/16 and then profit-taking I Sold VRGN 3000 1 23/32 I Sold VRGN 4000 2 19/32 After that I gave back about 30% of what I made previous, but happily, I got out while I was still ahead, net was something like 6k for Viragen.