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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?

To: John C. Breidling who wrote (449)	3/7/1998 4:43:00 PM
From: brasilbound	Read Replies (2) \| Respond to of 1755

John; Can't help to comment, but this is the last stock you should invest in if you can't watch it every couple hours. In that situation I'd probably be investing my money in something with a high Market Cap and steady earnings. Why risk it?

To: John C. Breidling who wrote (449)	3/8/1998 10:37:00 AM
From: Charger	Read Replies (1) \| Respond to of 1755

John, yes, I have what I feel is a very good, sound investment theory for a stock like CXI. First of all, dont have invested more than 1) you can afford to lose, and 2) more than you can afford to tie up. If you can afford to average down now, I would do so. Then, if you cannot watch the stock every moment, put in a limit at double your average price for half the shares. That will get your investment back out. If and when it doubles from that point again, sell half the remaining shares. If and when it doubles from that point again, sell all (at now a quad profit) or half again, and so on. With a stock that has good fundamentals you cannot get hurt this way and over a two year period, you would make 600% return, I believe, presuming the stock really does go up. (This is Bard's Trading System, BTW). Now, let's say the stock doubles, like it did, but then all the double dumpers, weak knees, opportunists, etc. get out at that point and the stock falls. Lets say they bring the stock back to your original investment price, which I guess it might be right now. Take your original investment (which you now have back, plus you still have half your shares - remember you were willing to invest that amount in the first place) and buy back in. This will lower your average share cost about 30% so the double from that average (as a limit sell) is now a lower price than the limit sell before. Sell half, etc. etc. If I am not being clear go to members.aol.com