posted
biph for example looks like a bunch of you got in in the low 80's and jumping out in high 90's even in the $1 range you know it is 1.31 today and has only been a few weeks
this is just one of about 4 or 5 i have seen so far.. better to be safe than sorry..
posted
Actually - and I hate to be negative here, I have noticed in going back through some of the year or more old posts that the average for a good gain is not really that high. This board is <i>very</i> good at timing day-trading, however from a long term standpoint the picks here can be questionable. Again, I hate to sound negative, however this is just what I have noticed. Correct me if you feel I am wrong.
posted
I do not think that is too negetive. I think most of the people here are looking to TRADE not INVEST. If we were looking to INVEST most would be look other places first. (I think)
I know personally the longest I look to invest in the .10 & under range is days-weeks-months. The shorter the better.
PAUL
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
quote:Originally posted by PAUL: I do not think that is too negetive. I think most of the people here are looking to TRADE not INVEST. If we were looking to INVEST most would be look other places first. (I think)
I know personally the longest I look to invest in the .10 & under range is days-weeks-months. The shorter the better.
PAUL
Exactly. Good point. I think that the average person who relys on a message board for stock tips probably isn't doing a terrible amount of research on those stocks. The whole point and real usefulness of a board like this is just to see what is hot, and what other people with essentially the same investment strategy are doing with their money.
posted
Look at the write up on USCI, it is an old pick that now seems to have everything in place and is set to take off. So there, now you can't say, darn I wish that I had bought some of those stocks. Now you can sit back and a year from now you can say, hey dummy look at this stock that I bought a year ago, don't you wish that you would have had the brains to buy. Of course, if it tanks, than you can just twist your toes in the sand and say nothing.
IP: Logged |
quote:Originally posted by cdrj1: Actually - and I hate to be negative here, I have noticed in going back through some of the year or more old posts that the average for a good gain is not really that high. This board is <i>very</i> good at timing day-trading, however from a long term standpoint the picks here can be questionable. Again, I hate to sound negative, however this is just what I have noticed. Correct me if you feel I am wrong.
Thanks
Just wanted you to keep in mind that the picks here are for the relative short term.
If you read many of the picks, they are for short term gain, aka TRADING, not investing. Most of these companies do not have good earnings and/or have a bad history. However that does not change the fact that PR's, momentum and just phantom plays, BIG PERCANTAGE gains are possible, all the time.
As a matter of fact, if you give a few of these picks that were picked today, give them 2 weeks and look at them again, I bet they will be back down to levels before the 'current' breakout. It's trending, you make the money when you can pick a stock, sit on it while it's GREEN, and profit taking when you anticipate red. Nothing more.
There has been quite a bit of informal research done on pennies. Almost all to the negative and in my opinion one big reason... almost all of this "research" takes concepts from large caps and tries to apply them to microcaps. Apples and oranges my friend.
For instance, I remember an article on Motley Fool. A while back they tracked all of the penny stock recommendations emailed to them. At the end of a year the total return for all of these pennies was -80% (negative 80%) or something like that. Lesson I learned-- large caps can generally be held for years... pennies, generally speaking, should be held for a few days, weeks, or goodness forbid, months (I do hold pennis for months if very bullish and future prospects are "good"). For me, the longer I hold my pennies the queezier my stomach gets.
Kind of like the casinos-- statistically--the longer you play, the more the odds will catch up with you and you will most likely lose money. Hmmm.. I've always wondered why casinos look so posh???
When you buy a microcap ---have a plan. Included in that plan have an exit strategy (one exit strategy for the upside and one for the downside.) Also, try to diversify( personally I normally hold 10-15 microcaps)diversify as much as possible (in pennies and other income streams-- real estate, businesses, dividend paying large caps, part time job, etc)
Sidenote----There are some very good posters on this site whom I have a lot of respect for and give their word a lot more weight to when I do my own research. Read enough of Allstocks and you will discover them also.
posted
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