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re: Exxon is in the $63 range ** back on topic
Posted on 2/16/10 at 12:03 pm to LSURussian
Posted on 2/16/10 at 12:03 pm to LSURussian
quote:
Say Z owns five thousand shares of MVIS. He's up $600 today.
Say I own 800 shares of CMI (hypothetically, of course). I'm up over $1,000 today.
Let me see....$600 or $1,000, which is better? Hmmmm....I think I'll go with the $1,000.
Really?
There's no way you are that dense. You need your coffee.
2
Posted on 2/16/10 at 12:08 pm to TheHiddenFlask
After reading this next page of the Zilla/Russian pissing match, I see what Russian is trying to say. However, he is making his point in a terrible manner.
Penny stocks are a dangerous game that don't perform as well (on average) as the big board stocks. We have all heard that over and over again, and I agree with you. However, to say that dollar value gains are more important than percentages is ludicrous.
I think what you are trying to say is that sustainable growth is better than volatility plays.
Penny stocks are a dangerous game that don't perform as well (on average) as the big board stocks. We have all heard that over and over again, and I agree with you. However, to say that dollar value gains are more important than percentages is ludicrous.
I think what you are trying to say is that sustainable growth is better than volatility plays.
Posted on 2/16/10 at 12:16 pm to TheHiddenFlask
quote:Oh yes I am!!!!
There's no way you are that dense.
I tried doing what Z is doing now. I did it for years. I enjoyed telling people how much my little cheap stocks were up percentage wise. But when I looked at the balance of my portfolio, it never seemed to go up all that much.
Plus with many of those 'penny' stocks, like MVIS, in order to buy enough shares to make any money on the small $ increases, it was difficult to do without moving the price for the stock. Both on the up (buy) side and the down (sell) side. If you enter an order for 40,000 shares, either buy or sell, the market moves. They are just too thinly traded.
So I switched to going after larger $ increases with more widely held stocks. My portfolio has done much better, thank you very much.
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