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re: Stocks. Any OTers looking at anything promising?

Posted on 8/22/13 at 8:14 am to
Posted by Chris Farley
Regulating
Member since Sep 2009
4182 posts
Posted on 8/22/13 at 8:14 am to
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.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6081 posts
Posted on 8/22/13 at 10:37 am to
quote:

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.



First of all dip shite I am not asking for stock tips. This thread is nothing more than a casual conversation about speculative stocks.

Anyways, I say BRK B is expensive and is not favorable for me in terms of volatility as I only play with around 5k. If I were to buy BRK B at 114 I wouldn't be able to afford fifty shares and it is likely it will stay below the 120 mark for the foreseeable future.

However with a cheap stock, KOG for instance, I bought at 7.50 and was able to buy hundreds of shares so when it rebounded to 9.50 I was able to clear over 1200 off of my small 5k gamble.

I don't trade much cash so I look for cheap and volatile. Not expensive and static. Hope this cleared things up.
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