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re: Stocks. Any OTers looking at anything promising?
Posted on 8/21/13 at 5:56 pm to Mootsman
Posted on 8/21/13 at 5:56 pm to Mootsman
I have never understood this. How does the price of a stock affect the way you see your purchase? If the stock looks cheap and your returns are based on percentages, why does it matter if you own 10 shares at $200 a share or 200 shares at $10 a share?
2
Posted on 8/21/13 at 7:59 pm to LSUTOM07
I mentioned them in other threads but AAPL and BP are the ones I'm following most closely. I am heavy into aapl right now and will likely sell over next 3-4% increase. BP just seems way too low. I'd rather not touch a O&G stock due to my job in the O&G sector. Just getting too tempting...
Posted on 8/22/13 at 8:14 am to LSUTOM07
quote:
I have never understood this. How does the price of a stock affect the way you see your purchase? If the stock looks cheap and your returns are based on percentages, why does it matter if you own 10 shares at $200 a share or 200 shares at $10 a share?
The only reasonable explanation would be that he wanted to buy in lots of 100 so he could write covered calls, but I imagine someone asking random strangers on the Internet for stock tips would only be doing it due to a false sense of wealth associated with owning 1000 shares of a penny stock.
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