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

To: Wayne Rumball who wrote (4849)	2/6/1999 10:41:00 PM
From: star56	Read Replies (2) \| Respond to of 11130

WOW I thought for sure you'd be trading online. It is a little scary. I take Market trades are out - only Limit trades. At least that's what I hear everyone saying. Anything on MPTV? Dave

To: Wayne Rumball who wrote (4849)	2/6/1999 11:06:00 PM
From: David in Ontario	Read Replies (1) \| Respond to of 11130

Yellow Wayne...considering ALFN & TLTG for Monday Looking at some others as well. Until now 99% of my trades have been online through two discount brokers. Sometimes my trades are executed quickly, sometimes not. It's agony just looking at my Order Status and seeing 'Open' beside my trades - which may not be filled for quite a while - but that can also be a function of the exchange. I'm now considering a full service broker and pay the few extra $$. I read a piece on theStreet.com that talked about the two types of brokers - in the long run the full service appears to be better. Even when I phone in an order to one of my two discounters - I get the *&%$##!! musak while I'm held in a queue - all the while looking at the RTQ's and market depth activity on my screen. Q. With the penny momentum plays - is it better to follow the strategy of letting the post-open frenzy run its course, then jump in after the Ask has retraced somewhat later in the morning - though that doesn't always happen. David Ps. Comment - I would never chase pennies that have mammoth floats. I was in RPP for a short while - around 700 million in that float. Takes way too much inertia to push those babies higher. Much better to ride the volatility of penny stocks with small floats. IMO