Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (26182)	6/18/1998 7:39:00 AM
From: ksuave	Read Replies (3) \| Respond to of 34592

I'm well aware that 2 weeks isn't a longtime to hold a stock, Musicguy, I too have some small caps I've been holding 2-3 years (FTEL, SCMS), and the fact is I have never day-traded (bought and sold a stock on the same day) in my life. As I'm fairly new to this thread and have absolutely no bones to pick with Big Dog, I didn't mean to imply that he or NBET are hype, but I couldn't help but notice how in the length of one short note, 2 days became 2 weeks. How many stocks have all of us on these boards read about that have news just about to come out that keeps getting delayed on and on -- the lawyers are reviewing the release one more time, all the i's are being dotted and all the t's are being crossed, the company is getting all it's ducks in a row, yadda yadda yadda. I'm willing to be 2 weeks long on NBET, and maybe by July I'll be willing to hold onto August. Thanks for your note, MG . . . . baron From: musicguy Thursday, Jun 18 1998 12:29AM ET Reply # of 26198 Two weeks is NOT a long hold... Two years is considered by some to be short term.... Its all relative, but NO ONE in their right mind should think that 2 weeks is long.... The daytrader mentality is still prevalent here, and there is nothing wrong with that if it works for you. However the whole idea of the new Dog Pound is that we buy and hold, maybe add here and there, but HOLD for a while... forget about it... let it ride... go take a walk, learn to play the flugel horn, play with your kids, whatever. Don't look at time and sales all day. Don't treat this like a day trade. Set it and forget it... If two weeks is too long for you, you can sell whenever you like... Someone will buy your shares I am sure... Selling is a tough call... do you wait for bigger gains? Do you take you profits (or losses) and move on? We've all made mistakes both ways... but Jeez, 2 weeks is nothing... I have been holding NUKE for a month now waiting for news, and have no problem waiting longer. I believe it will be trading at high multiples of it's current level by year end... If I make 500% on an ivestment, and it takes a year, that is a succesful trade. Patience Baron... cheers MG