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

To: star56 who wrote (5712)	2/14/1999 9:56:00 PM
From: Daniel Miller	Read Replies (2) \| Respond to of 11130

Star watch the people who pick thes tocks before they happen. Many times Wayne will bring a stock to the thread which he thinks deserves a mention and it will shoot the next day. Just keep an eye on the pickers you like. Money usually chooses stocks which have already had a substantial gain and says it was his such as NPSC which he recommended 15 minutes before close.

To: star56 who wrote (5712)	2/15/1999 12:30:00 AM
From: MoneyMade	Respond to of 11130

MoneyMade...LMAO!!! Message 7628101 techstocks.com The next day JBOH...

To: star56 who wrote (5712)	2/15/1999 2:01:00 AM
From: MoneyMade	Read Replies (2) \| Respond to of 11130

My response to DM: There are alot of games being played in the market...I have shorts watching my @ss at this very moment, to short me on a rally. MTMC,NTFY perfect examples!! Also look at APNT..Copia called an alert on that one and the MM's trapped him!! I will NEVER: 1)Announce a stock that I am not in...85% of the time 2)Announce a pick 24hours in advance unless it's absolutely critcal... 3)If i give you an alert, you bet your ______this stock is hot!! 4)I like to announce most of my picks near the close to assure the best possible entry price....IF YOU DON'T LIKE IT TOUGH!! As you know most stocks gap up in the A.M. and settle down near intraday periods. TMEX used to always give his picks one hour after the market opened as to avoid buying at the top, he was right! I am a momentum trader, i play the momentum on the stock!! I typically don't care about earnings or what a company does..Just the quick rise for profits. Remember most shorts close out their positions near the close if they don't then they'll get crushed! MoneyMade --------------------------------------------------------------------- To: MoneyMade (429 ) From: Daniel Miller Monday, Feb 15 1999 1:06AM ET Reply # of 432 Sorry about that Money. But sometimes you do pick a stock late. However, I do nkow that you make alot of great picks before hand

To: star56 who wrote (5712)	2/15/1999 5:43:00 AM
From: Tom Allinder	Respond to of 11130

<<I've been reading your comments about buying OTC stocks - when there at there base. How can one tell when that is - when flatlined for quite awhile?>> Yes, flatlined or in a narrow trading range with small volume. There has to be a reason to buy the stock though. I carefully research the company of stocks that are interesting to me. I call the company sometimes two or three times to see what I can get out of them. What makes me buy, is a new product or service they may be getting ready to publicize, a great earnings report or something along these lines. Also, I scan the news everyday. One of my keywords are "OTCBB". I get to see every news article that mentions a OTCBB company. If the news looks good, I call the company to see if there really is something to it. Some news stories I buy right away. The OTCBB is different. When a listed company releases great news, the stock runs out of sight right away, you have to wait for a pullback to get in. For some reason, on the OTCBB, news has a delayed effect. That gives me time to research the company. Finally, all this is hard work. I spend a lot of time scanning charts, news, earnings reports and obtaining all the info I can regarding the stocks I'm interested in. It's not cheap either. My scanning service is about $50 a month. News services, realtime quotes and charting, News Alert services plus the phone calls all add up. Not to mention the time I put into it. Experience: I have been through everything the market and the OTCBB can throw at anyone. One more thing, I get in as the stock is emerging from a base. I buys "news" stocks as long as they are not too extended. This is low risk "investing" or trading. If the issue doesn't move, I sell it and move on. I believe one of the best ways to make money in the market is to avoid losses and especially big losses. Out of every 10 stocks I buy, 5 of them don't move, 2 of them move lower and I sell (the instant that a stock moves 5-7% down from my buy point, I am out... no ifs ands or buts--- out.) 2 will be sold for small gains and 1 will be a double or more. As I have said before: Avoid losses period. You only need to hit one good penny per week to do very well. I have been averaging 1-2 good ones a week for several weeks now. Added up over a period of time comes to a reasonably good sum. You must have patience. Wait to buy the right stock. Avoid stocks that are hyped all over SI and Yoohoo. :) Tom