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To: Anthony Darmanin who wrote (19962)5/29/1998 1:10:00 PM
From: BlueCheap  Read Replies (3) | Respond to of 27968
 
Thanks Tony. Anyone that knows my strategy knows that I look for a stock which has been beat down, Sometimes only by MM's. Looking for a near bottom, I first buy a TRADING position. If the stock shows merit I'll buy a CORE position. With The treading position I ADD to the CORE position with PROFITS ONLY.
I've stated this many times, "If an investor REALLY believes in a company, then THAT investor will WANT to own ALL the shares he/she can own. Each having different limited capital and since it is wise to diversify, further limiting the capitol which can be placed in any ONE stock.
So, how does one increase their position? My answer is to have two positions, a Core which I hold, and a trading position which I would sell on a nice percent move. Then with patience, wait for a lower BASE. Then using Only the profits from that trade to buy stock for the CORE position. Continuing to do this until a desired CORE is built.
It is quite possible to end up owning that CORE position COST FREE...
I've done this many times and did this with Fonar Corp. (FONR) which I now own a large (personally) position in. I Fully expect (FONR) to be the HUGE winner I have expected...$$$$$$$$$$$
Did the same thing with (FNTN) & (LGOV) just recently and personally still believe each of these to be excellent opportunities at CURRENT prices..
Just my personal strategy, may not be good for anyone else, but SURE changed MY financial status...................................
Regards,
Malcolm Lindsey