To: Glenn D. Rudolph who wrote (49199 ) 4/6/1999 9:48:00 PM From: MoonBrother Read Replies (1) | Respond to of 164684
It was a petty that AMZN didn't break through $199 today, not even held above $190, not even above yesterday's close. As I predicted yesterday, AOL, AMZN and YHOO are all looked tired today at the end. Hopefully with couple day's rest, they will rejuvenate next Monday. However, there are still tons of money to be made these days by simply follow big daily runners. The trick is identify them early enough, then trace them to the end. Yesterday there were YHOO, AOL. Today they were RNWK, DCLK and NSOL. I admitted that I have cut my holdings of AOL, AMZN and YHOO down to 500 shares each, and use the majority resources to trace the big runners. So far this trading tactic seems working. The reason is simple, not just me who am moving money around these days, everyone does. Who wants to lose his/her $10 ~ $20/sh profit got yesterday (last hour)? Therefore people grabs money and runs. On the other hand, when a stock is hot, it's getting hotter - in next day or so that is – because of the fresh money dumped in by these people. If you are lucky enough to identify the winner (for the day) within the first hour when it takes off, then you have a fair chance to make $10 ~ $20/sh in the rest of the day. Simple, huh? So, what are tomorrow's winners? I have a sure winner for everyone on this board, NSOL. This one has been down for the past week or so from a high of $150 split-adjusted down to yesterday's close of $94. The reason was a notable short-seller Asensio shorted and trashed it. Since this guy claims that he has been right on numerous small stocks, he did have some effect on NSOL's down turn. What he didn't say, however, is that he has been losing major money on shorting prominent Net stocks like AMZN, YHOO, etc. Looks to me he is gonna lose again this time on NSOL. In fact, NSOL rushed back big time today, up $21, partially fueled by the short squeeze. As BancBoston's Keith Benjamin said and I agreed, NSOL should report a very positive Q1 result at the end of this month, and should hit new highs afterwards. In my view, it could be sooner than that. In fact, it could be as soon as tomorrow, or the day after, if we squeeze the @#$%^% out of those shorts. If we get an analyst's positive comment and/or company's fresh news tomorrow morning then things would get even hotter. My prediction? How'bout starts at $120, finishes at $135? Good luck! MB