SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Randy Ellingson who wrote (20398)3/11/1999 8:05:00 PM
From: Glenn D. Rudolph  Respond to of 27307
 
When a quality Internet stock such as BCST "moves slowly", or pulls back, I think it's
safe to say that in light of the quickly-developing business and rapidly-advancing
technology, buying pressure builds invisibly in the background. If you can hold and
watch for a year or two, I think you'll see these cycles come and go. Timing them might
be fun, but is it as profitable? I'll take you on with BCST if you like, gentlemen's bet of
course.


Randy,

I understand your point. I never did trade this often prior to last year. Some of my capital is borrowed due to the AMZN debacle so I must out perform the interest on it too. The present volatility in many of these stocks make for a quick but small return as in this case. As soon as I eliminate the debt load, the gentleman's bet will be on and we start from there. My projection for this is another 60 days give a take a bit.

Glenn



To: Randy Ellingson who wrote (20398)3/11/1999 8:05:00 PM
From: HG  Read Replies (1) | Respond to of 27307
 
Randy,

I would like to agree on you, really would, but if one follows a particular stock and trades it properly, the returns are manifold...

Okey, re: BCST, post split I have bought this stock and sold it at least 8 times from 85 - 98, every time it drops I buy it back. I However, I got tired trading for 2-4 point gains, because that is not my speciality and it distracted me from other opportunities (which really did nullify these small gains), so I plan to hold till 98 this time. But to answer your question, there is a lot of profit to be made by buying, say, a 1000 shares and selling at a gain of 2 points, 2 or 3 times a day...! I did that for fun with AMZN a couple of times too....but like I said, it needs concentration and perseverance...