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

To: Wayne Rumball who wrote (6441)	2/20/1999 9:28:00 AM
From: interesting man	Respond to of 11130

>>My motto - all stocks are crap>> sometimes i think the way to go, is play shorty. it seems like its easier for stocks to fall than to go up!!!

To: Wayne Rumball who wrote (6441)	2/20/1999 10:55:00 AM
From: marty wilcox	Respond to of 11130

I think what you say makes a lot of sense as there is nothing worse then losing on a stock which was once a winner for you. Another thought is take out your original capital and let the winnings ride. I am new to the Nasdaq but I am noticing that I seem to be jumping on the wagon to early does anyone have a good rule of thumb. I was thinking I might start my bid at 30% below opening offer and if I miss a hot one oh well there are plenty more to catch.

To: Wayne Rumball who wrote (6441)	2/20/1999 11:21:00 AM
From: Kim Lim	Read Replies (2) \| Respond to of 11130

Good Morning Wayne: Thanks for the prompt reply, you and Lance have provided the objectively rule of thumbs for the PENNY games. You should always be comfortable taking the profit and capital and saying good bye, but if you believe that this Cow still has milk left then keep some shares in the barn for additional free milking session. Another interesting point you raise is Key word of "Flipping" when you cash out the stocks, then you can maximize the cash for your next next play and repeat this, as someone tries to hold on for too long, they may not achieve the same profit result. My opinion is that you and Lance are the very savvy and sophisticated in perfecting this game. BTW just a thought perhaps you and Lance should think about forming some kind of investment club "WR & Lance Momentum Club" cost $$$ to joint,I believe you already have many fans in your thread club. Bartender keep your eyes on Mr. Rumball and Mr. Lance. Salut!! Kim