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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: daffydog who wrote (124)	2/24/1999 9:03:00 AM
From: Jon Scott	Respond to of 19256

Mark You have some good points in your post. So let's review. First to you and others who have seemed to miscomprehend. Reread the heading and review the thread. I never said I have consistently made 50% a month. Respondees have. The heading only says the trades listed showed a total return of about 50%. I only hope I can sustain 50% monthly.In my opinion, online access has made that goal more attainable. With or without online access, I've always done extraordinarily well. In 96, my SEP at OLDE went up 10 fold in 2 months based on two stocks, INNO and CRTM. It's now right back down to where it started now. Painful, but a valuable lesson. But I have had dozens of stocks over the years that have risen 2-10 fold and more. The key is REALIZED gains. Regarding micro- pennies. I rarely, if at all, have traded those. That appears to be more or less a game of musical chairs. Buy, hype, sell. Who gets stuck? Regarding diversification. Look at my trades. They're are few daytrades. There are many sectors and price ranges covered. But they are favored towards tech. The internet is opportunity. Just like the Ellis Island immigrants, I see lots of opportunity in this new world. But I wouldn't park my cash in just one micro-penny or one mortgage. Well, posting here is non-productive, so that's it for now. Next post will have my picks for the day. Good Luck Jon

To: daffydog who wrote (124)	2/24/1999 5:36:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 19256

Actually I think I said 30 to 100, but it's not important. The point is that I found it impossible to monitor everything. The only way I could would be to plow 10-20K in the stocks I buy and that would be impossible or just plain stupid.