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re: Stocks. Any OTers looking at anything promising?
Posted on 8/22/13 at 10:37 am to Chris Farley
Posted on 8/22/13 at 10:37 am to Chris Farley
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.
Posted on 8/22/13 at 5:32 pm to Mootsman
quote:
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.
First of all, the amount of shares is irrelevant. Just because something is "expensive" doesn't mean you won't get volatility. Look at AAPL, probably the most followed stock in the world, just in the last few years has gone from less than 200 to around 700 and back to 400. There may be a correlation between cheap stocks and volatility but it mainly can be attributed to the companies being generally shitty.
quote:
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.
So you'll lose 1200 just as quickly. I bought BRK.B for $74 two years ago so I am now sitting on a 55% return and took half the risk.
quote:
Hope this cleared things up.
All clear, hombre. Didn't mean to rustle any jimmies. I just think its sad when people come on here asking for stock tips and some clown, like Baylor or Rivers, "helps" them out and they lose their arse.
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