Bob,
Always ,, put a stop loss,,, at 1 or 1 1/2 point below your entry ,, sometime news etc off target.. but one day trading or buying a 23 dollar stock should not be concerned about 1 + 1 - in a intraday ,,,
I bought 20,000 MRCM today ,, in varying prices,,, once a dd is done ,, stocks like this ,,with 28 institutions owning 70 % of the float,, which is 300,000 ,, joint partnership with my favourite MANU ,, with supply chain and now y2k ,,where is it going to go ,, next 30 days ,, 60 days... etc.. do not matter whether I paid 15 . 16 ..17 ..18 ..
If MODA drops to 21 1/2 sell the damm thing ,,since then it will go to 18,, where you do a revenge buy ,,, other wise ,,its a bear shake ,, , I was told that a WSJ article is coming and a new buy recomendation on the way,,
Look at my FORSF,, our latest buy was at 18 ,, then it went to 16 1.2 ,, we bought more all the way to 17 ,, and look where we are... in less than 3 days...or NSPK ,,we bought it all the way to 27 ,, from 21.. then it fell to 23,,,we bought more .. we sold at 35 ,,, all in less than 30 days... are we looking for an orgasm here ?
That is why we do pennies ,,small caps for instant gratification ,, but Nasdaq, AMEX and NYSE for intermed to log term ,,investment ... |
