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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Rudy who wrote (11127)	5/13/1998 4:33:00 PM
From: Rudy	Respond to of 13456

Wow, what a day. Games were played on PNLK. Since it is a BB stock, and I am fairly inexperienced in that arena, it was a good learning day for me. You know, even the best college cannot teach how markets work as well as you'd learn by your own observations. I leant that even the volume high liquidity may be bad in BB stocks. Getting in and out the stock was extremely difficult. Even the market orders took 10-15 minutes!!! to get filled. We are talking 4.3 million volume here and you cannot get rid of the shares fast enough! Anyway I sold 2/3 of my position piece by piece averaging 6.73. Then saw the upturn (pass over 5 min MA) and started buying back. If orders were filled instantaneously, I would have made good money. Nope both on the way down and up all orders are filled to my disadvantage. I bought back everything I sold averaging 7.04. :-) Still not complaining. I bought back cause I think the web-site's launch will effect the price very positively IMO. Kinda gamble in a way, cause I am not in the team. I do not know how capable those guys are. What if they screw it up? Things like that. However, so far I have build some safety cushion being in early. I wonder how it will do tomorrow. Anyway, it was some day. Good luck to you all.