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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: MakeMoney who wrote (7490)	4/28/1999 11:44:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 52051

* WLGS is great example of why you should NOT daytrade... at least exclusively. Choosing select stocks of quality and holding is a much safer and more profitable way for most people to go. This thread is a great example of that strategy and thanks to SW, we have a good thread host. WLGS is a perfect example of an undervalued company that finally took off. Everyone had multiple chances to own it at 20-30 cents. I even did a GORE REPORT on it. Many bought but sold for a few cents gain. I hope PEOPLE WITH LONGER TERM HORIZONS (or even Daytraders who occasionally buy stocks for the longer term) look at some good stocks like SYCD, TLWN, SETO, RDIM, IHTL, etc. Why? Because like WLGS, these are companies that are either profitable or have incredible promise and are worthy of "CORE" holdings. And many of them are way way undervalued, not just because their stock price is cheap, but because they have a LOW MARKET CAP. (i.e. #shares outstanding x stock price) TLWN, SYCD, and SETO are certainly in this category big time *** Other stocks like TSIG may also be in that category (could explode soon), ditto on RDIM and IHTL, and no question about WINR and MRPS being safe, steady winners from here. There are others I am missing like TLTG and WWAT and even KYOM longer term, too. The point is that Daytrading, especially when combined with sloppy DD and a short time horizon can be dangerous to your pocketbook.