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

To: Andrew G. who wrote (6794)	2/24/1999 8:17:00 AM
From: kathyh	Respond to of 11130

Andrew, Kimberly, and others: thanks for sharing your thoughts on this...I am new to these pennies and not used to this style of investing (gambling??). I appreciate anything I read that helps me make sense of this crazy endeavor... If I might be so bold as to make a small addition to your list, it would be (from my own sorry experience!!) 5)Don't try to chase the price up! Now, if only someone could tell me... 6)How do you know when it's time to get out?? I've got many on this thread bookmarked. You guys are awesome!

To: Andrew G. who wrote (6794)	2/24/1999 8:24:00 AM
From: Kimberly Lee	Read Replies (1) \| Respond to of 11130

Andrew, thanks for the kind words. Level 2 doesn't do much for the pink sheet micro pennies, as the quotes are not firm and mms have the discretion to execute your order within a 5 to 10 minute window. Your ISDN, level 2 screen integrated with order entry (make sure it includes the internal book of at least 1, preferably more, important ECNs -- you know, INCA, ISLD, REDI...) will help in trading Nasdaq, AMEX and NYSE issues. I position trade NAZ and some BB stocks. But when it comes to pink sheet and micro pennies, I will keep positions over night only if I received sufficient assurances within the scope of the inherently limited dd available for issues of this nature