Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (685)	5/5/1998 4:52:00 PM
From: Binder	Read Replies (2) \| Respond to of 2887

<<I received a message today that my recent correspondence with TokyoMex over on the Tokyo Joe's Cafe thread had resulted in a vote of no confidence >> No confidence of WHAT?? No confidence that it can be daytraded?? Jeff, I don't know about you, but the fact that TM is NOT interested in this stock is one of the reasons that makes it so appealing to me. I am not interested in a stock that will have a gazillion people buying into it and then tanking the price with their sell-off a few days later. This scares me because many times when a "GURU" says he is "not interested", he is actually buying it. In a few days, he will change his mind, and find some credibility in the stock, and release it to his "following". Great thing, you say? Hardly. What he is actually doing at that point is selling it off, leaving everyone else, including part of the "following" to hold the pieces of whats left. There are two ways to counter this...First of all, the long term investor should sell as soon as the known daytraders come in. They will elevate it to a nice cozy price, and two or three days after they have sold off, the price is usually back to where it was, and the long term investor can reap the benefit of the temporary increase. Its called beating them at their own game. The second way to counter this would be to sell off a portion of the shares at the spike, (enough to recoup original investment), and to let the rest ride. At that point you are playing with "house money". It doesn't really impact the daytrader, but it does protect the individual investor. With ABMI, in my opinion, the DD will overpower the daytrader. However, I am in no way heartbroken that TM is supposedly "not interested". Just my opinion Binder