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Microcap & Penny Stocks : IATV - ACTV Interactive Television -- Ignore unavailable to you. Want to Upgrade?

To: mike.com who wrote (2217)	7/7/1998 9:44:00 PM
From: art slott	Respond to of 4748

Very interesting article on TCIs Liberty Media in Barrons. It is now the combination of Liberty Media and TCI Ventures and has access to 7 billion in AA- rated credit line and is sitting on 5.5 billion in cash. They are looking to buy media properties and also act as a GE Credit Corp.of the media world by lending and leasing to worthy companies. Fox Sports is duly mentioned as a prized and valuable asset. A must read since I didn't do the story justice. Art To my Emailers. I will get back to you eventually. Just got back from NC. Very busy and tired. Btw look into Nrid. Might be worth a nibble. Up 200% to 3 today but way off 52 week high.

To: mike.com who wrote (2217)	7/7/1998 11:01:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 4748

The immediate loss you see is your first indication that you should hold. You want to buy stocks that are advancing. When you do this, you often buy at a short term peak, but this tells you that others want it. It is in demand. If the stocks are cats-n-dogs, below $5, you can bet they'll make some heavy percentage moves against you. Trading mentality will just make you a loser. Can you reveal some of the stocks you have tossed because they acted like IATV? It would be fun to see if they are winners. I bet they are. Otherwise you have to buy stocks before they move. Then you risk opportunity cost loss because the stock just sits in a base. How about looking at based stocks that are starting to come out of a base? Investigate the fundamental story and see if you can imagine them realizing accelerating top line growth. That's all you can rationally do. Some will work, some won't. The ones that work will far out-perform the ones that don't, so you will be on-balance ahead. The better your judgement about what will come out and stay out of a base, the better your performance. Why not try this strategy on IATV? They're sitting on an intermediate up trend line but they haven't broken out of a base. Assume they'll dog it down here for awhile and base some more. The market in general is loosing its steam. Study IATV and develop a desire to own the stock if that's what you conclude. If the generals are retreating and IATV starts up on volume and cuts through 2, buy market. Don't get cute. The winning strategy is the one where you know you'll buy the top. Then you'll hate yourself for being so dumb. That's the next indication that you're on your way to success. Then just hold. Also, don't watch. I know this is contrary to what you know in your heart to be true, but if you want to succeed, you have to be objective and renounce this childish phantasy about the big killing. If you don't, you'll just get killed.