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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: Turboe who wrote (11720)	6/10/1998 9:58:00 PM
From: Lee Walsh	Respond to of 11850

MUST READ -- THE EMOTIONS OF TRADING THANK YOU -- KEN M. The Emotions of Trading: By Ken M Posted on another thread, but applies here too. Now where emotional players come, u have a person, who we will say bought 25000 at 49, and is expecting it to go to 1.50 a share, so he holds, and as the stock moves up and he checks his portfolio and it shows an 8,000 profit for the day he is a real happy camper, cause he just bought that stock a week ago, but then it starts heading down and he has a dilemma, does he sell now for a 6 thousand sure profit( cause hes already lost 2 grand on the downward move) or should he hold till it goes back up again till he gets to his buck fifty target or at least the 2 grand he just lost. Now while he his developing an ulcer over this the stock go's down and he's down another 2 grand, so thats it, he can't take it any more, but he is still ahead so he holds. The next day it's goes down and now instead of being 8 grand richer, he is a thousand in the hole. Now what doesn't enter his mind is that in a couple of days the stock will start heading back up, because it has a lot followers and a strong foundation. Nope, in his mind he has lost 9 thousand dollars even though he is only really out 1 thousand, but thats enough for him, the only thing in his mind is that negative sign on his portfolio and that the number could get bigger. He dumps his shares for the thousand dollar loss, but he still thinks this is a good co., so in his mind he decides that he will wait out this downtrend on the sidelines, till it starts its upward trend again then when he is sure it's headed to its $1.50 price, he jumps back in at say 75 cents, it goes to 78, then it begins its MM induced downward trend again and the whole vicious cycle begins again. When it finally does reach it's 1.50 a share price that he knew it would, he's on the sidelines, because the MM's are having a party on his money. Morale of this, don't trade on emotions,because murphys law will get u everytime. You can't make any money on the rally if u don't own any stock. No matter how low a stock will go u have'nt lost anything till u sell....stay strong people.

To: Turboe who wrote (11720)	6/10/1998 11:45:00 PM
From: jhild	Read Replies (1) \| Respond to of 11850

Well so far the strategy is working brilliantly. I think the Bulls believe they can win with only 44 seconds and a 4 point lead. Good strategy. Boy are the Bulls in for a surprise, now it's 6 points with 26 sec to go. Jerry Sloane is really slick. The Bulls are going to be heart broken, I can see it. 16 seconds to go and they fouled Jordan. Ahhh. That's the plan. He missed a free throw. Now Chicago is only up 7. The spread still looks good, so I guess the strategy is to pull away in overtime?