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

To: Wayne Rumball who wrote (6484)	2/22/1999 12:31:00 AM
From: Dave Gore	Read Replies (2) \| Respond to of 11130

Wow! That's a lot of work you went to. What in the world is wrong actually LIKING stocks long term AND short term. I am up 200% in my portfolio and I do sleep great at night. WINR was 40-80 cents for over 4-6 months before hitting $3.00 twice. I sold twice near $3.00 and bought back around $1.80 TSIG hit 16-18 (at which point I bought) and on two occassion hit 56 cents or so at least twice. Holding until $3.00 (one of those rare stocks I will hold and have not sold). One of these days it will break 60 cents and keep going. I bought NUKE at 13 cents in Dec. (down from $1.50), now 40 cents and rising again for awhile. I will sell soon if it runs up and buy back again if it dips hard. I bought RDIM at 44 cents a few months ago, now $1.00 or so; still holding it has lots of promise. If it runs hard I will sell and buy the dips. I bought SYCD at 30-32 cents 4 weeks ago and sold at 63 cents on a hard run up, and bought back at 31 cents last week. ******** see...most I sell on run-ups but a very few I hold WAYNE, if you are telling people to buy any stock that is hype-able and then immediately when it runs up a bit, that's not smart. Each stock is different and if you buy a stock with good fundamentals, you will never get hurt that bad, especially if you buy right. A lot of people bought ONTV around 10 cents and sold at 15-20. It ran to 39 cents, backed off to 15 cents and now is over 40 cents again. Good fundamental stock that should have been bought on the dip to 15 cents again. You have to know what is a P&D and which is worth buying back. I buy stocks with good fundamentals. I have 20 years experience in Penny Stocks and it's plain smart to buy stocks you like on dips and sell all or part on the run-up if Daytraders get involved. Then buy back again on dips. No one here is falling in love with stocks; Some stocks I do hold longer term, like WINR and TSIG and others, but only if they continue to show good relative strength. And only if I feel they offer at least a potential for a 5x-30x return over 6 months. If I do find a stock that could double or triple in one day or one week, then I may sell part of the long term stock if I need the money to invest in the short term flyer, but otherwise I will hold. How about I leave your thread alone...you seem to feel threatened by those offering advice different from yours. No offense...good luck to ya.