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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: Ruyi who wrote (14223)	3/29/1999 7:44:00 AM
From: the Chief	Read Replies (1) \| Respond to of 37507

I have "no fear" as I am a daytrader. I have a weekend position, yes. However, a position is an opportunity to sell on a spike up or if momentum is insufficient then to sell into the weakness to buy back later. If you truly understood daytrading you would understand that taking a loss in the opening minutes can translate into a significant profit on repositioning on an upswing. Fear is for amateurs, Dagan. If you are afraid in having a position, or for that matter not having a position then you shold turn your portfolio over to your broker. I accept this as the adrenalin rush I get out of playing the market. My long position in BII is well secured. My net cost for each of my long position shares is -$3.10 (not $3.10) so I have "no fear". ""If you get shaken out on the 25% drop, you could be looking at paying 200 % more than the drop too get back in .......20 minutes later!!,gg>"' Give a few examples , never has happened never will Ok. You hold BII now, it drops 25% = $3.50 dollars, then regains the $3.50 and rises an additional $3.50 Actual Example. Friday March 26th. Open 13.15 fall to 11.40, rises to $17.60....less than a 25% drop but (in relationship to the drop) a rise of (5.20/1.75) =297% So by being shaken out by a $1.75 drop you missed a 297% rise. If you remove the drop completely than you missed a 197% rise (excuse the error of 3%) You see? It is irrelevant what you pay for the stock it is the rise fall ratio that matters to a daytrader!! I don't care whether you find my posts garbage or not Dagan. You have a right to your unfounded opinion as I have mine. If at the end of the day, you were correct not to maintain a daytrade position, I will gladly acknowledge it!! You being right doesn't cause my bank account to grow or recede...its only my opinion that does!! I hope you make out like a banshee.........after I do! the Chief