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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (4471)	2/4/1999 10:03:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 11130

MFSI - don't know what went wrong with the message system, fortunatley there was a pullback for you to get in. It would be interesting to get a rollcall from lurker about UPGD. I keep posting when I sel, and it is never my whole position. I know a bunch of people came on board at 0.35, but never heard what happened. Look people if I post a sale it's a sale I made, If I post a buy, it's a buy I made. If I say I'm hanging on to a few shares of a company I am UPGD a lousy 500 now and lance won't let me sell 100 of them, so I won't. Afterall it was his stock.

To: LANCE B who wrote (4471)	2/4/1999 10:17:00 PM
From: Fred Davis	Read Replies (2) \| Respond to of 11130

Hello lance. In response to the newbie's bailing out early I did bail way too early on MHMY and paid dearly for my mistake. I apologize for this and now know better. Just wanted to say that the impatience, at least for me, was a learning curve. I admit I followed the picks and the success of the price increases but made the mistake of thinking of this thread as being too much like so many of the momentum threads on SI(I now know better). By this I mean very short term and after being here longer I was pleased to discover that buying one of yours, Wayne's or others picks in the morning doesn't require selling at the close for fear of a it tanking. IMO this partly contributes to the impatience issue. I think a lot of newbies here haven't been able to experience the pleasure of getting in on momentum before the momentum ever hits, JMO. That's what makes this thread so great. Regards, Fred

To: LANCE B who wrote (4471)	2/4/1999 11:33:00 PM
From: BarbaraT	Read Replies (2) \| Respond to of 11130

Lance, let me say "thank you" for a great thread. And I have actually made some money here. Lost some, but made a little more. My biggest problem is selling too soon <gg> - whenever I get greedy I give it all back - and then some. Did buy DMEC at .095 and sold it this morning at .20. Also got into PCTR at 1 9/16 and MFSI ata 2 5/8. Had a couple losers the other week, but also some winners - almost doubled my money on PNET. Holding APPI - about even, GTMI - small loss, but holding, had GTCI before I read it on this thread and sold it for a 20% gain. Have to admit, don't have much money so have only small amounts of shares. But it is the percentage gain that counts and it add adds up. Everything is relative. So thank you big time. It is the best I have done from following anyone's advice. Did not discover this thread until a few weeks ago and am up on average on all picks I have followed. Afraid to hold too long as I usually get burned, but your guidance has been very helpful.