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Strategies & Market Trends : MOST MONEY MADE -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (40)	5/25/1998 1:38:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 61

hehe Mr. Metals: was it MINE already or will it be MINE on Tuesday? Thread: About ten posts earlier on the thread there was a brief discussion about percentage gainers, instead of just the raw amount. Okay, since I have not got the bragging out of my system, my account was at 15k last December, now it is now at 70k. Winners from greatest to smaller were GMGC, NEOTW, MINE, VRGN, TGEN, RGEN, OREM, EWM, CNSI --and most of the trades were on quick large percentage run ups on news, or by riding the coattails of other's news (rgen ran up briefly just after Entremed ran up). What is interesting to me, is that sometimes things run up a couple days in a row, and others just crap out. This was the case with NEOTW--you had to daytrade it, fortunately I sold 2/3rds of my position before the close on the big day. Now maybe it will run again, but the lack of any follow through the second day suggests that you really have to watch out--only go for the second day of run up when you really like the story. Anyway, now that I've hooked back to the topic I most wanted to address, MINE, will this be a two day runner? I think the really smart traders KNOW when a stock will run two days in a row, I do not pretend to be one of those types of traders yet, but I am trying. I believe once you have figured that out, you are on your way... any thoughts? Does anybody on the thread think that two day story stocks will bring you the MOST MONEY MADE? We all have some nice big gainers, and truthfully, I'll bet most of us will admit that they were only luck. The speculative frenzy toward the end of this bull market seems to make these quick trades a lot easier. After all, if I can get the sort of percentage gainers that I have, with 20 minute delayed quotes, and only an average amount of experience with trading, then this is an easy market! How can we decide if we have skill? After all, when the market finally turns south the lucky traders will lose all their gains just as fast as we made them. Something to think about! Sorry for so many questions, maybe this is not the right thread, but I am always suspicious of what have seemingly been easy gains. Finally, somebody claimed to have made a million in a day-- why the hell are they hanging out here on SI?--buy a boat.