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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: M. Scott Gegenheimer who wrote (587)12/18/1998 3:19:00 AM
From: daniel yeung  Read Replies (1) | Respond to of 1196
 
To All :
Let me explain more above my 6 rules to win in wall street.

1) Do try any bottom fishing - it mean don't buy a stock when it break the support point or close to the support point. I prefer to buy when a stock form a technical base. For example, a break through for flag pattern, a double base.. etc. Make it more simple, I can't buy at the lowest and I can predict the lowest point.

2) and 3) should be more to understand

4) stockedge is a real time quote tool from data broadcasting corp.
it only cost you aroung $75 a month. You can get the real time
stock chart amd you can watch tick by tick. Most the time, I find out the stock will start to move after the big buy buy. You can find out from the real time daily chart. You can download from the URL: www.dbc.com

5) using the stop order or stop limit order to secure your profit or avoid the loss. For example, You buy a stock at 10 and you think it is a good entry pt. If the stock go down to 9, I will bail out the stock.
If you still want to keep the stock, you can buy back at the lower price at the same day.

6) Most of time, I will buy the security instead of the option when the a stock price under $30. For option, I perfer to buy the stock option when the stock price above 100. Most of time, people will think the stock option premium is too high when a stock above 100 and refuse to buy. But you need to think why the premium so high ?

Other, I will sell 1/2 of holding first and then sell the rest in the future.

It's only my 2c ( but it work)

regards

daniel