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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: milesofstyles who wrote (182)1/11/1998 8:37:00 PM
From: Bigwave  Read Replies (1) | Respond to of 2120
 
HI milesofstyles:
My rationale for wanting to know the largest price%gainers on bulletin board stocks is for the sole purpose of momentum trading the ones at the bottom. I would watch the ones at the bottom of the list to see if they are moving. If they move up, I jump on. If I buy and the price reverses, I get out to limit my downside risk. That is pretty much it. This is simply an idea of mine, and I don't know if it would work with a crap or not. It is just something I want to try. What do you think?



To: milesofstyles who wrote (182)1/11/1998 8:37:00 PM
From: Bo Didley  Read Replies (2) | Respond to of 2120
 
otc/bb stocks...buy before news comes out

milesofstyles....bb stocks always have a small run up
before news is released, which cause them to be high
percentage gainer. OTC/BB companies are allowed to
tell investors about news releases before they happen.

An example:... AXGI...news is coming out...investors are
loading up on the stock...will be a percentage gainer
when the news is released VERY SOON.

Many other bb's like this, you just have to follow them
alot and call the companies. Much different DD than
stocks on the more prestigious exchanges. If you buy
after the big run ups, you end up losing cause of all
the profit takers...be a profit taker instead!

Bo