+15.57 percent in 38 days.

[Saras]

Originally posted by MichaeltheGreat


I live for underappreciated and/or overhyped small and microcaps.

Ok, half-sucker, then

[MichaeltheGreat]

Originally posted by Oerdin
Real Estate. +18% leveraged return in one year.

I'm now over +26 percent in 43 days. Go INTZ, go!

[Kidlicious]

Aren't you suppose to sell high?

[MichaeltheGreat]

Originally posted by Saras


Ok, half-sucker, then

Yeah, and I'll half-suck all the way to the bank, too.

[Saras]

Originally posted by MichaeltheGreat


I'm now over +26 percent in 43 days. Go INTZ, go!

Not bad. A tad too volatile, non?

[Japher]

yeah man, buy high sell high

it's all groovy

[MichaeltheGreat]

Originally posted by Kidicious
Aren't you suppose to sell high?

Yeah, but wether I sell before I buy or after makes no difference to me.

I'm just as happy shorting the overhyped garbage and making money as I am in buying undervalued shares and selling when they get some market attention.

The toughest part, once you have some real money to throw into these things is making sure the microcaps have enough daily liquidity that you don't distort the market yourself or get hung out to dry by sticking around after a trading surge.

Luckily, I'm currently working in the institutional part of a brokerage as a consultant, so I have access to a lot of goodies without the trading restrictions imposed on employees.

[Japher]

Microcaps are scary... I'll stick with my volatile large caps

[MichaeltheGreat]

Originally posted by Saras


Not bad. A tad too volatile, non?

Only if I was going to stick around. I just have to hang for two more days to avoid a free-riding hit, but the current ride on INTZ has been steady and solid, and they're showing serious signs of getting their act together.

Regardless, once I'm off the free-riding period restriction, I'll dump it and move on to the next target.

IIJI is another hottie I had earlier, and it's kept going up, but I don't see a lot of future opportunity in comparison to the risk of a little bubble popping, since it's run up so far so fast.

I also got a good ride off of Starbucks, when I bought in the mid 47 range prior to their most recent earnings announcement.

[MichaeltheGreat]

Originally posted by Japher
Microcaps are scary... I'll stick with my volatile large caps

Microcaps are beautiful, but it's not like you want to hold on to the things... - I just play off the lemmings who stampede in or out on the basis of whatever the news report of the day might be. Look at the fundamentals and technical analysis, look at the real time price and volume, make an estimate of what I call the "Rationality Index" and then set a buy and sell point.

If I miss my buy point, I don't chase the price up, I just start researching other volatile microcaps. Unlike these day-trader dumbasses who are usually just addicts using the markets as an online casino substitute.

The other thing I never do is try to see how far I can ride a price swing, whether I'm long or short - I preset my exit point and put the order in and live with it. With Able Energy (ABLE), I missed, since the stock has continued to run up, but I made a 6% net profit in one day on that transaction, so who the hell cares?

[Japher]

You're really just a Trader, not an investor.

I like to think I'm an investor, I don't have enough time to trade that much.

Though if I spent more time researching than posting...

naw, you'd all miss me

[MichaeltheGreat]

Originally posted by Japher
You're really just a Trader, not an investor.

I like to think I'm an investor, I don't have enough time to trade that much.

Though if I spent more time researching than posting...

naw, you'd all miss me

I prefer "speculator" but "parasitic capitalist vulture" works just fine, too.

The investment is my money, not the stuff my money has bought at the moment. If I trade successfully first, I'll have more to invest at the end.


Buy and hold and watch the company grow is nice, and if you've got Buffett's capital the only way to go, but too much of the market is driven by the whims of a bunch of New York yuppies for my tastes, so I work to beat them at their own game, at least until I've got enough that getting my investments pushed around by their games won't faze me.

[Dauphin]

Originally posted by MichaeltheGreat

Luckily, I'm currently working in the institutional part of a brokerage as a consultant, so I have access to a lot of goodies without the trading restrictions imposed on employees.

I presume you mean access to little known public information. If not I may have to report you as part of the cross-border co-operation we have on fraud prevention.

[MichaeltheGreat]

Originally posted by Dauphin


I presume you mean access to little known public information. If not I may have to report you as part of the cross-border co-operation we have on fraud prevention.

I get access to a lot of real time filtering, reporting and analytical tools that I'd otherwise have to pay license fees to use. Nothing unavailable to the public, I just get to use it free while I'm here.

[MrFun]

You evil capitalist!!