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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (577)	1/29/1998 7:12:00 PM
From: Marq Spencer	Respond to of 1100

Sue, I hope that the pennys don't take over here. All my trades have been in NYSE and NASD stocks. And I'm in positive territory:-)! - Brian.

To: Susan Saline who wrote (577)	1/29/1998 7:43:00 PM
From: Jodi Segal-Lankry	Read Replies (1) \| Respond to of 1100

Susan, Sorry if I didn't respond. Please e-mail me directly at Lankry@aol.com Anyway, MEGW - It is not a buyout it is an option to buy - my mistake and I am sorry. Check out the MEGW thread for more info. Jodi

To: Susan Saline who wrote (577)	1/29/1998 11:27:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 1100

As one who is in two shareholder lawsuits, one a vaunted New Yooooooooork Stock Exchange issue and the other a high flying tech on the ASSDAQ, I say Pennies from Heaven. Here's the deal: Take 1,2,3,4 techs or 10,20,30,40 BBs. My belief is this: It is easier for a penny to do a ten bagger than it is for a tech to do a two bagger. For simplicity, 1 tech vs 10 BBs: Let the tech double, fine. If 1 BB becomes a ten bagger, you're even, even if the other nine go to ZERO, NADA, NIL,GOOSE EGG.( Now, if you're Jodi, you'll probably hit on 8 of the other 9 with your big loser being a 10 % loss). If the tech pulls back, you get scared, you sell. If the BB pulls back, so what? You have 1/10 as much in it, don't worry, ride it out. Or take some piggy bank money and average down. Then if all it does is a dead rat bounce, you can actually break even. But the key is this: Because you have so little in it, you don't panic when it tanks. There are a number of variants on this. Sell a chunk at 50 % gain, a little more at two bag, the balance at 5 bag. etc. etc. Average down at 50 % loss then sell at break even for the "losers" In any event, the point is this. A $50 stock losing 40 % is far worse than one of 10 BBs that you bought at .18 losing it all. And my observations are that the percentage of BBs that lose it all is far less than is anecdotally reported. BTW, and this ought to stimulate some discussion. I maintain that it is easier to do DD on the BB than the big caps. If you see dilution with no asset increase, can it.Look for stable BOOK value, beat up due to shorting not dilution. If you disagree with my ease of DD for the BBs theory, then answer this question: Why is it that 20 Wharton educated, Armani outfitted punks from the various houses blow soooooooooo many earnings estimates for the ORCLs, NSCPs,APMs, WDCs,SEGs, tell me when to stop,SIIIs, IOMs, RDRTs, HTCHs,QNTMs? can I stop yet, thank you. I am totally in BBs with the exception of MSFT and INTC(in deference to my wife), out of the techs and big caps. When the Asian markets or Greenspan or Monica or what ever other shoe fall, I don't blink. Never slept better in my trading/investment life. Penny stock is like an option with 0 strike price, no time premium, and expiration date well into the 3rd millenium. TG