To: eric deaver who wrote (25517 ) 6/15/1998 5:14:00 PM From: Dave Gore Read Replies (4) | Respond to of 34592
**Please read: BB stock investing is changing fast! ADAPT or LOSE? THE FOLLOWING REPRESENTS MY OPINION ONLY (based on 100's of PM's and stock tracking of some 100 favorite, "can't miss" stocks mentioned over the last few days and weeks by various posters) Everybody is losing it seems! Yet everybody has 1, 2, or more stocks that are "can't miss"! What gives? The last 2-3 weeks in particular have been a bloodbath for many investors in the BB arena. Almost totally gone are the "good ol' days" of last month even, when you could find a "hot stock" and hype it to success. And certainly any gain now seems likely to be temporary...very temporary. Fewer and fewer people are playing the "Stock of the day". Because the faster they go up, the faster they come down. There are fewer people winning....and many more people whining. Even people like Tmex and Big Dog are starting to play their cards closer to the vest....smart! MM's and all kinds of shorters are monitoring the threads. When the volume slows on a hot stock, the MM's wratchet down the Bid/Ask on low selling. People get discouraged or panic, it goes down more, and they take their loss and move on. If a rare stock does go up substantially, professional shorters come in and tank it. Yep, the Game...it is a changin' *************** The only ones winning may be the ones banding together, finding only the best stocks and quietly buying and holding, and if neccessary buying the dips. Unless you have a monster bankroll, anybody who owns more than 5 stocks is probably spread too thin. Anybody going it alone, forget it. TEAMWORK, TEAMWORK, and FOCUS! Focus on: Probably stocks over a dollar with sound fundamentals Probably stocks where you can control the float, or a large % Companies that are reporting Companies with a PUA (positive unique advantage) Companies that will do well long term almost for certain, because short term investing is very UN-certain these days. Are you patient enough and satisfied enough for a 100-200% return per year? Can you HOLD and be satified? Can you do without the "rush" of 1 pick in 100 that gives a home run? Because most of you are fooling yourselves otherwise. You are like the typical "home run" hitter in basball swinging for the fences at all costs. You are betting .045 and striking out 97% of the time. ************ Let me know if you like the idea, send you email address and we will get started. NOTE: You will have to give as much as you get, do extensive DD, and are expected to HOLD the core stocks and buy dips, if necessary. Do NOT expect fast returns or daytrades...it probably won't happen...in fact the stock may actually go down, before it goes up, as timing is difficult. Expect TEAMWORK and the BEST ODDS of increasing your portfolio. DAVE PS--- remember I am just speaking my mind... you might totally disagree and I respect your opinion....not trying to rustle any feathers