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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: MITCHELL GREEN who wrote (1092)	8/8/1998 5:11:00 PM
From: Mike McFarland	Respond to of 1100

SWEBF is not for trading, the spread is usually way too wide. Actually, I'm trying to do less trading lately--the last month really took a bite out of my account...still up 4x for the year, but 5x was better:-) regarding your other post, Message 5443361 I understand your point about staying with the hotlist, and your claim that swebf is a pump and dumper--thinly traded stocks are often easy to pump, but there does not seem to be much interest in it, so don't really think it fits into that catagory--swebf really isn't on anybody's list right now... But...the sorts of things that have made me money were not on anybody's list when I got in--GMGC being the best example. When I bought that at a buck and a half I probably got comments just like yours. So far I've had good luck buying the most out of favor stocks I could find, as long as it looked like they were turning the corner and guessing that they have some expertise that will draw attention later. Of course, I got out of GMGC after MSFT threw the 5M at them--fine, great percentage gain, oh, but I could have done so much better. Anyway, SoftQuad is another example of a company that at first glance looks like dead money...just like General Magic did when I bought that. Now sure, it could stay dead money forever, but I'm willing to bet that something good will happen. Who knows, maybe they shipped so many copies of those flight simulator add-ons this quarter that their earnings will look okay for a change. Or maybe the Lernout et Hauspie arbitration will go their way...or maybe somebody like MSFT will make an investment--or just buy out the XML part of the business...who knows! Indeed, microcap is pure gambling...but that is why I do it! As long as we are on the topic of microcap gambles, keep any eye on NTII, I've got a bunch of that too, hehe. You can keep your aol and amzn, and although following the herd has certainly been very profitable these past years, I really enjoy the thrill of finding something overlooked, and watching it get discovered. Happy trading, Mike