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Microcap & Penny Stocks : Trading 101 -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (25)	3/10/1998 10:58:00 PM
From: stockid	Read Replies (2) \| Respond to of 406

Well, here are a couple of tips I can add. When a stock is on a momentum run do not buy in on the first 45 minutes of trading. Why? Hot stocks usually gap in the morning and you might get caught at the top. I don't know how many times I've seen a stock gap up big...then fall back and then resume it's upward trend... Never buy on the third day of momentum...the daytrader's will have you for lunch. Use your common sense....If after doing your DD...you have a lot of questions about the company or you come up with more negatives then positives...DON"T BUY....Just like you found one hot penny another will come along...hell the last three weeks there has been so many runs...The lesson...there's always tomorrow. SK

To: Ga Bard who wrote (25)	3/27/1999 8:48:00 AM
From: Ken Johnston	Read Replies (1) \| Respond to of 406

I've begin reading this thread from message #1 and came across the following from GaBard: "Multiple orders on the same stock you only get charge once a day for comission." Is this really the case? I use an online discount broker with $12 trades up to 5K shares. I made the mistake of putting a buy order in for 10K and got slapped with $100 commission (1% of total so you know it was a penny stock ;-). Lesson learned. I now do buys in blocks of 5K to get the $12 commish so that a 10K buy has a $24 commish instead of $100. Am I missing something here? Or just with the wrong broker? Looking forward to the next 300+ posts....Ken