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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: Charger who wrote (148)4/24/1998 12:27:00 AM
From: Binder  Read Replies (2) | Respond to of 9440
 
Charger,
I hope I understood the context of Ken's statement. I think he was trying to say that Gary would sell against the arrival of the daytraders into one of his picks.

If that is what he was saying, I would agree. He would probably sell a little off, let the daytraders make their run with it, and then buy back into it at a lower end. Remember, we cannot stop the daytraders from getting into one, but we can capitalize on them.

In my opinion, you have to be able to classify any stock as either a momo, a BTS, or a long. However, you also have to be able to re-classify any stock from one category to the other at any given time, based on any number of factors, such as market condition, news, etc.

Gary has a talent of precision in knowing when to classify and re-classify a stock, and a skill of judgment in knowing how to classify it. (which is why his thread is #1 on Hot Topics after only 48 hours)

:-)
Anna




To: Charger who wrote (148)4/24/1998 2:13:00 AM
From: Ga Bard  Respond to of 9440
 
Charger he is right if Mike Orgas or TMex focus one of our picks we BTS it and then wait for them to leave knocking the price down. Of course we let it spike about 30% then go to BTSing. It kills the momentum and the day trading people get ticked. I take it he is talking about following TMexs picks not mind.

However I could be wrong though.

GaBard