To: Stitch who wrote (3964 ) 4/8/1999 5:47:00 AM From: rest42 Read Replies (2) | Respond to
Stitch,my friend, as always a pleasure to see you here posting.Thanks for the comments on WDC,I own that sucker for profit only so the agony of its decline is not as severe as it is irritating!If this is your first internut then hang on my friend these babies are the cyclones of the stock market amusement park.It could go anywhere.I am waiting on the mother of all volume day!This is the day when the stock gets discovered by the rest of the world.With only 13 million shares outstanding,the churn on that day should be at least the entire float if not twice.I believe this will happen if we get confirmed news of a partnership with an Aol or some other 500 pound gorilla.If the announcement of just the ipo happens first then all bets are off!I understand everyones excitement over 4 point moves,but I am waiting on the real gap up-----look at ahwy(correct symbol?).Now that was a move!I will use stops as this baby moves up,but I won't sell until I see the volume.A plain much anticipated ipo announcement can be rather ho hum to many of the traders out there,but a major alliance with a major player and a soon to be announced ipo could be extremely tasty for many momo's!I watch a room called the shark attack everyday to see if they have yet discovered idtc so far not a peep.When it becomes a subject of conversation there then I will know the entire world is now aware of it and it might be ripe.I want to use the stops to maintain reasonable profits,but I definitely do not want to sell too early and miss out on what could be significant gains.Believe it or not,I had my beloved wdc with a target of twenty stops in place all the way up and when it broke twenty,I pulled them!I got greedy!I thought 30 was around the corner and when it started to breakdown I did what newbies do-- I froze.This is where i first encountered you!Fortunately or not for me I own wdc for free,but I still have lost mucho profits by acting in a very undisciplined manner.I should know better.Sorry to be so longwinded,but if this is your first play in this crazy arena I thought you might need a little insight.Afterall,little insight is all I have to offer!Do yourself a favor find some past internuts and track there volume moves and I think you will see!Anyway good luck my friend!
