I agree Gary, My Strategy Takes a little more patience than Momentum Buyers strategy. However, My strategy of "Buy when No one is wants a stock and then SELL when Everybody Does," is much less RISK. Sometimes that includes being patient even when the frustration selling takes the price even lower than anticipated. That kind of selling has no basis for logic and opens OPPORTUNITY for those that see it.
MCTL could catch fire any day and just flat fly to over $1.00 per share or over 5 times the current price. That would be no different than a $1.00 stock moving to $5 or a $20 moving to $100, yet if that happened to those stocks, it would be on Nightly Businness Report :)
Well, I can own a Lot more shares of a $.20 cent stock than I can of a $20 and I don'thave to Risk very much money unless I choose but to buy even a 500 shares of a $20 I would have to risk $10,000. I can buy almost 50,000 shares of MCTL for that amount and if I chose to do so, I can take a $3,000 profit on a .06 cent move. To make $3,000 on 500 shares of a $20 stock, that stock would have to move up $6.00 per share. That might happen but if you look at the stocks in S & P 500 or in the DOW, only a very small percentage of those stocks are having Gains and driving the Market. Yet to folks watching the Business Reports, they think just about every Hige priced stock out there is having gains, NOT SO.
If small stock investors thinkit is only "their" stock that is not moving, then they ought to look around.
Yes Sir, Patience pays off and one better be mighty LUCKY if they are going "Stock Hop"
Regards,
Malcolm |
