My post on YHOO CMP thread..
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Profit tokyomex
Jul 11 1998
1:25PM EDT
I will take 50% profit ... sell 1/2,, keep 1/2 .. for the glory days and move on ,,
Only reason I am buying this is because,,it moves well with the news,,like last time from 9 1/2 to 12..where many of our members made a nice profit .. but mostly because I have faith in my bud David Furstenburg,,,a fellow attorney ,, at SI ,,
He knows exactly what I am buying and what I am paying ,,
Why do I mention numbers, ? To show my commitment ,, on the unfolding story ,, thats how I do ,, I buy in 10,000 and 20,000 lots.. to gain maximum pofit,, with very close stop loss tolerance,, IMNR was a good play ..did it same way ,,, IFLY same ,,UCMP and WARPF on Friday same,,,, and so is my EGGS at 9 bucks was another good example,,of course I get killed too like my 10,000 VVUS at 9 ,, forgot to sell at 10 .. and had to get out at 8 ,, but above all .. I do well ,, well enough that others that pay me 30 dollars a month ,, some 482 of them for my web site ,, tokyojoes-cafe.com ,, are enjoying the same benefit as I do ,,
I started out this year ,, Jan 6th with throw away money of 22,000 dollars for day trade.. the first hit was AETTQ from 5 cents to 50 cents,, I put all 22k in to that sucker..then BAAT came along .... this 22 k has now grown to 420,000,, in equity ,,even though I lost about 120,000 on bad trades.. and I am not counting my main portfolio,, just day trade and momentum trades..
So go ahead and bash all you want ,,wonder about my other short comings,, for I feel no pain ...
How do I buy ,, ?
I look at level II,, I see,, 3000 ask at 9 5/8 ,, 2000 ask at 9 13/16 ,, 5,000 at 9 7/8 ..
I go in at buy of 10,000 at limit of 9 7/8 ... MMs have to give it to me ,, 3k at 5/8 th .. 2k at 13/16th ..and 5k at 7/8 th ..
etc,, if others get there befr=ore I do ,, fine ,,I still end up with buys,,
When I sell ,, I will most likey do same ,, take my gains or losses at average ,, and sell ,, i.e., best bid is ,, 15 1/4.. 900.. second best is ,,15 ,, 3000,, third 14 7/8 ,, 2000.. fourth 14 3/4 .. 7,000 .. I just go and sell 10,000 at limit of 14 3/4 ... it will catch all the inbetween as you sell ,, and I get out quick ..
Good luck to you ,,, I believe there is an old American saying ,,if you can't beat'em ,, join'em ,.
PS.. I am Viagra friendly ,,so no problm with smallness,, PFE another SA long pick at 108 .. target 220 .. ;-)
CMP: Quote | Profile | Research This Is a Reply to: Msg 286 by Buffyzzzzzz
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