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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (4735)	5/13/1999 11:00:00 AM
From: Andrew G.	Read Replies (2) \| Respond to of 108040

Kimberly: Wise choice. You can always come back in to it later if more substantial information becomes available. I would also like to address an issue that may not have been discussed on your thread. The issue of what drives a stock up. We all know the following can move a stock up: -positive press release -buzz on the message boards -better than expected earnings -m&a rumors, etc. But rarely is the public privy to inside information, and rumors are most often false. My feelings are that unless one is an astute day trader and can weave in and out of the tide of momentum in a stock on a daily basis, one can easily be clobbered by a sudden down draft. A perfect example is the penny stocks that run seemingly invincible for days on end then suddenly crash: ONTV EDIG ININ JNNE etc. Just yesterday UBRT finally came crashing down after an amazing run. It bounced quickly but now it's down again today .The magical spell has been broken. If one wants to take advantage of the great potential of positioning in these more speculative issues but one is not a clever, experienced day trader, what does one do? The answer to me is simply to do some DD and know what a companies prospects are near and long term. What are their plans, not for tomorrow or 2 days from now, but for the coming weeks or months. Regardless of what the daily gyrations, if one positions early the appreciating value of the stock is almost inevitable. The stock may not look fabulous right now, because it's not among today's gainers, or volume leaders, and it may not ever be, but you have the satisfaction of knowing you got in before the crowd and will outperform the market by a substantial margin. Now there's no guarantees in anything in life. A deal may go sour or there may be delays, but any investment bares some risk. Keeping up with a handful of stocks and knowing that they are going to produce is a lot easier than desperately trying to catch a shooting star that may be a star for only a day or two then burn out. When I mentioned XCED and NTXY on this thread about a month ago (both trading at around $12.50), neither of them were generating much volume or appreciating much in value. Well neither are volume or percentage-gain leaders. But both have run up very nicely (in fact both have doubled) since my mention here. NTXY did trail back, but I can almost assure anyone it will return to it's recent highs upon Nasdaq listing. I mentioned ASTN around $4.5 before the heavy volume and interest there, and still believe that stock could reach $60 by year end. Currently I believe that GDIS is positioned to be another high flyer. There are only 9,482,623 shares outstanding and I mentioned it here on this thread the other day. Read todays news on GDIS and my previous post here (https://www.siliconinvestor.com/readmsg.aspx?msgid=9460814) and perhaps you'll see why I'd rather be in a stock I know something about than a one-day wonder stock that heads the list today and is gone tomorrow. I will not mention a stock on this thread unless I feel it will appreciate by at least 50% near term and has good to excellent long term prospects. This is because I do DD on these stocks and feel very comfortable about them. A brief list of great stocks to own now IMO: GDIS ASTN PTEK BRCM NTXY XCED RRRR IATV FNHC INFO QWST UNPH BWT BCST AOL PAX more speculative: QTTK BIGG FAXX One more note: Many of the 1st tier internet issues are trading in tandem. If a market shift occurs it tends to effect all at the same time. They are behaving as a market sector now and this may be due to heavy institutional holdings. Consequently, it matters much less whether you think YHOO will out do XCIT or LCOS than it does whether you feel the internets as a whole will outperform the rest of the market. IMO