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Microcap & Penny Stocks : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?

To: Roo who wrote (3314)	1/22/1998 11:28:00 PM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 4594

Roo, that's a good approach that can work out well if timed properly. I've done exactly that with FTEL and it's worked well. I've gone a bit further with FTEL, though, and currently trade up to 100% of my position in it. I have, however, timed it poorly on FTEL a couple of times. I think I may have been the only person to have sold any of it at $1.53 last year. I sold my entire position (lack of patience and "other fish to fry") for a loss at that amount just days before it started a climb that was out of this world. It went from $1.53 to $10.00 in less than two weeks. This was very recently, btw. I ended up getting back in at around $4.00 and trading in and out to $10 and back down to $5. Come to think of it, I bought a block of it once last week and sold that same block later that day, then bought it back again. I've made good money on it, but because I was trading the majority of my position, I missed the big money. When others pulled a 7-bagger out of it, I had to settle for a 2-3 bagger. Not bad, but it could've been MUCH better. I like your approach, and I do believe it can work. I just like to caution people to always hang onto the majority of their shares in a stock they think will do well long-term. Let that money do its thing and play with a minority of it. Especially in one like this that can turn on a dime, as we've now seen twice. We get so little warning on the spikes, it'd be devastating to sell a majority only to have it do another jump like that.... BTW, interesting that it threatened to do the same kind of tanking it did a Monday or two ago, but ended up not doing it. I haven't looked at the Time and Sales, but the closing numbers suggest to me that it may've consolidated nicely in the mid to high twos.