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Pastimes : AX cOUSIN SHORTY,,,STOK Market GREW and famous AUTHOR!!!!
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To: Don Pueblo who wrote ()5/16/1998 2:46:00 PM
From: EL KABONG!!!  Read Replies (1) of 875
 
cOUSIN SHORTY,

I am new to the investing game as played by the rules you guys use on SI. I never heard of DD until I came here. I always invested by the rule of 1%. It works like this. You find a stock selling for $.01 per share (or 1% of a dollar). You buy gobs of it. When the stock goes to $.02 per share you sell all you got. You make $.01 per share or 1%. I have used this method for years and it never fails. I even found that it works with a $1 stock, because $1 is 1% of a $100. Right? I make a comfortable living this way, and think that these people looking to make 15% or 20% in a year are just plain greedy. What do you think?

KJC
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