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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?


To: Steve Rubakh who wrote (3091)3/28/1998 10:25:00 PM
From: Big Dog  Respond to of 34592
 
All of the above. Depends on the situation. I like to play the momentum plays and I find most daily on a moments notice.

When i am scanning for a possible runner in the morning and I find one that volume is building and can't find the reason (news, guru or newsletter put it out). I will post it on line first to see if I get a reaction (maybe someone else knows why). In that case if I decide to get in I will post "I am getting in" and when I do I post "I got in at ---.

If I see news hit the wire and believe it will run, I am putting in my order on one computer and posting it online on the other.

Now, I do hold positions in many OTC stocks that I for one reason or another believe will run in the future. These positions are usually the result of a past investment in which I took out my initial investment and nice profit and was able to maintain a good position in free shares. In the case where a stock that I already have is on the move, I will post that it is running and that I am in. Although, most of the time i do not post at what price I'm in.

Sometimes I will be in and out of 5 to 10 stocks in one day. i only post the ones that I believe will really run 50% or better. The rest i keep to myself and take the 20%, 30% or 40%. YES, I take my loses to, but usually only the difference between the bid and ask.

I don't know if this answers your questions, but I tried to describe it as best I can.

BIG DOG