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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (1)	8/9/1998 6:40:00 PM
From: Glenn Norman	Read Replies (1) \| Respond to of 7247

QWEST..............................Sold off last week, I think 20 to 30% up in ten days Salude Amigo - Norman!

To: Tim Luke who wrote (1)	8/9/1998 7:19:00 PM
From: Shoot1st	Read Replies (1) \| Respond to of 7247

Tim, this is also what I do for a living. I would like to offer periodic picks. As you and I discussed a while back, posting publicly often can ruin a stock for many months after the hype has gone. Since this thread will concentrate on those stocks that are minimally affected by hype, I would like to help with some picks. I do have one bad habit....I will never post DD. Usually a short line about the company, but no real DD. I strongly believe that DD is a personal matter. Some people want 100% of what info is available and some are content with almost nothing. Yahoo can give a large amount of DD quickly, a matter of minutes, and usually enough to either go for more info or stop dead and go on to another stock. If you have talked with those who I pm'd picks to over the last few months, they will confirm that this is my style. Shoot

To: Tim Luke who wrote (1)	8/9/1998 7:26:00 PM
From: Edward J. Edwards, III	Read Replies (2) \| Respond to of 7247

Tim, I like the idea for the thread, just hope we don't get to many paid posters here. Ted

To: Tim Luke who wrote (1)	8/9/1998 9:34:00 PM
From: Robert F. Newton	Read Replies (1) \| Respond to of 7247

Tim: Good luck on this new thread. Hopefully, we can keep the garbage out. Check out some of the Water Sector companies. I believe that this sector is oversold. Some of the companies to put on your radar are USF, ION, CUNO. At this price level, they're looking mighty tempting. P.S. - Different sector but I also love CDO at this price. Any comments?

To: Tim Luke who wrote (1)	8/9/1998 11:56:00 PM
From: HandsOn	Respond to of 7247

Tim, thanks for the P.M. and the invitation to Your thread. I also trade full time and look forward to sharing My DD, and interacting with like minded serious investors here. I took most of the weekend off to spend with My wife and son, and see I have some catching up to do already. Best of luck to all here Tomorrow, talk to You soon.

To: Tim Luke who wrote (1)	8/10/1998 1:00:00 AM
From: Steve Morytko	Read Replies (2) \| Respond to of 7247

CLE to $25 is my 2-10 day pick. I would suggest that recommendations are accompanied by at least a target price and date with a pick. 20-60% is quite a wide range. Certainly a brief explanation of why one expects the price to meet it would be helpful too. I don't care why you buy it; I don't care if you do your DD (due diligence); if you trust my words alone you are a fool. I expect CLE to report excellent earnings on Thursday and I'm looking for $25 short term and $30+ by November - it's 21 now. Check out the CLE threads on SI and Yahoo for more information. Good idea leaving BB stocks out. I was recently burned after being led to a BB story by someone who seemed to be very confident and knowledgeable. Ironically the person's prediction of a $1 stock price came true - after a 70-1 reverse split! A fool and his money are soon parted. One reason for sharing picks is to attract other traders/investors to it - after you've established your position. When the price rises to your target you sell. I think this known as "pump and dump" - a lot of BB stocks trade this way (e.g. USXP). This is especially true with low volume stocks so watch out for any recommendation where average daily volume isn't very high. I suppose "pump and dump" could be used with NYSE and NASDAQ stocks too. Somehow we're trying to avoid that by recommending only fundamentally sound stocks but that's a little hard to tell sometimes and there are plenty of 20-30% haircuts around to prove it. Of course, these might be good recommendations after they fall. As Tim suggested - TRUST NO ONE! Certainly it's nice to make a prediction and see it come true - great for the ego too. But if you find yourself thinking "this guy has a great track record of predictions" and using that to heavily influence your purchasing decisions you're headed for trouble. The Ascend thread has a contest that's kind of fun. I've made my quarterly predictions there with every intention of winning the contest. Both times I've sold one of my picks shortly after the contest started when it became apparent they weren't going to do well (BTW - NSM in the $20's was one of them). I might do the same with CLE if I saw something go wrong. If I mentioned it here at all (I might be too embarrassed) it would probably be after I changed my position. Mostly I'm here to make money for myself - not anyone else - and I'm reasonably confident none of you will lose much sleep if I lose my shirt. I'd love to help you make money and I'd feel bad if someone lost money because of my influence, but we all need to understand the rules of the game. Good luck if you decide to use CLE.

To: Tim Luke who wrote (1)	8/10/1998 11:34:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 7247

What was your pick that was 6 and change?

To: Tim Luke who wrote (1)	9/22/1998 9:24:00 AM
From: Tim Luke	Respond to of 7247

watch list...RDRT....CS......COMS

To: Tim Luke who wrote (1)	9/25/1998 2:12:00 AM
From: Street Walker	Read Replies (1) \| Respond to of 7247

OVERSOLD.....UNDERVALUED...........VITX Book Value $4..... $40 million in CASH VITX product removes Viruses from Blood. American Red Cross distributes the product. The other day earnings projections were changed from 15 cents to 12 cents. Over reaction/panic selling based on 3 cents! Stock fell 40% then another 20% on Thursday. Fell from $12 area to $5 area. quote.yahoo.com Fundamentally and technically it is oversold and undervalued. Will take just a few days to regain some lossed ground. Very small float. A poised short term/long term winner at this discount price. S.W.