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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Currency who wrote (10929)	4/1/1999 2:32:00 PM
From: BobSugar	Respond to of 15987

WIRL -- starting to move with news pending. bob

To: Currency who wrote (10929)	4/4/1999 3:20:00 PM
From: Dave Gore	Read Replies (3) \| Respond to of 15987

DAYTRADER SUCCESSES ARE DYING.... A NEW STRATEGY TO CONSIDER BELOW? Too many people think they are gifted daytraders who can make BIG MONEY, REAL QUICK. That is getting lots of impatient people in big trouble as they buy semi-crappy mo mo stocks on the run-up and get left holding a semi-crappy stock at much lower levels, before selling for a loss, then moving onto another crappy stock and repeating the mistake. Is this happening to some of you? Bet it is, because I was there 5 years ago myself. You had a few successes last year or in the last few months, and think it will happen again soon. But are you finding it harder and harder to find those magical stocks that used to be a whole lot easier to find? Are you selling your likely "winners" when postings on the thread of your favorite stock turn negative and your stock has dropped by 15-60%? MAYBE THAT IS EXACTLY THE WRONG THING TO DO: If your stock that you hold is really a good company, and was thoroughly DD'd by you and others, that may be exactly the WRONG STRATEGY. You should probably consider buying more! I viewed SHAL AND NUKE just two classic examples of buying LOW and making a big profit on the comeback. ... and others like RDIM, WINR, MRPS, SYCD and IHTL and even TSIG in the "almost great time to buy" or "buy now" category. Good companies with current cheap stock....and a little patience.....are perhaps the safest "plays"....and teh surest bets for success. SOME EXAMPLES AND HISTORY: NUKE ... was as high as $1.25 or so many months back (got ahead of itself) and then fell to as low as 11 cents last December. Thread was very quiet. I did some DD and do you think I could get many to buy at 11-13 cents? Of course not! ** Well it ran to 80 cents in Jan-Feb.. 1999...too bad. SHAL (mini CMGI) was just $4.00 in Feb, than dropped to $2.25 last month before running to over $10. I couldn't get more a few people interested at $2+ bucks when volume was low and people on the thread were negative Too bad...nice 450% return in 2 weeks! OTHERS: RDIM was well over $1.00 not long ago after rising form the 30 cent area some months ago. It has now dropped to around 50 cents, and with good management, excellent progress, and a compelling e-commerce game plan seem destined for great success. But no one is thinking about how good a buy it is right now, but I guarantee they will when it goes over $1.00 again. Funny, huh? WINR was 80 cents a year ago, dropped to 36 cents (where I bought tons), and then it went to $3.00 twice. Now it is $1.55 and nearing a "buy" again for a late April run. I am buying more in late April or so, as others get impatient. I think it is a $5-10 stock buy year end. TSIG was 60 cents many months ago, fell to 17 cents a few months back, ran again to near 60 cents a few weeks ago. Now it is 30 cents, and there is current negativity on the thread, but the stock is on the verge of great revenue gains with all the contracts they signed recently. SYCD...way misunderstood and under followed (sales growing 15 % per MONTH...not per year, per MONTH...and very low market cap)... Stock is 23 cents or so, was $1.80 in Nov. 1998 and fundamentals are better than ever. Perhaps the best value on the entire BB. Low float and shares O/S. IHTL... people do not understand the ramifications of how this will change sports viewing and thus TV and Website revenues. Will buy this whenever it sinks. Was $1.25, now half that and closer than ever to the INDY 500 unveiling of their technology. MRPS.... ran from 35 cents in late Feb to $2.65 a few weeks ago, then near $1.00 last week; now $1.25 or so and on the verge of major news. Stocks don't go straight up. Like so many other stocks that have fallen back, negativity on the thread is so unjust.....stocks must base before going to the next plateau. MORAL? Be patient, buy when cheap, because it is a lot safer buying a good company's stock when it is cheap, then when it is expensive after a run up. When the thread is negative is often the best time to buy. AND DON'T WORRY IF IT TAKES YOU 3-12 months to make big returns because it is a lot safer than trying to be a mo mo DT, and one of the 90% who loses money.