Georgia Bard's Corner Message Board

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To: Ga Bard who wrote (8806)	1/30/2000 5:32:00 AM
From: lakers17	Read Replies (1) of 9440

Lots of good points... Lot's of good discussion. Everyone should have their own system and be disciplined. Mine is to always buy near the bottom(yes I'll lose a few that run) and diversify big time. I'm up to 27 pennies now with number 28 coming on Monday. If one tanks so be it. No one can be right all the time even with all the DD in the world. With diversification an investor can't be hurt if a stock goes under. Some investors go for the jackpot and load up. In either case you have a 50% chance to be right. A stock is going to go up or down even if stagnant for a while. With DD the investor has a better chance to beat the 50% odds. That's why most successful penny players will have way more winners than losers. Also most penny stocks are called penny stocks because most never go to NASDAQ. Greed is a big factor in the pennies and most stocks. Qualcomm last year's big winner has given back 33% already this year. What goes up most times comes down. Always lock in some profit. Even in my diversification I have momo plays, short term, mid term and long term plays. My goal is to expand my portfolio to 40 pennies by the end of the year. I won't make as much as those that get lucky loading up on 4 or 5 stocks but I'll do well but I want get slaughtered either. I'll keep looking for bottoms and wait. Patience is the key in the pennies. While some will break out and become gems most others will go up and down all year. I play those spikes that will come on most pennies 2-4 times a year. It's hard being patient but you have to do it. And never chase a penny stock unless you've done your DD and the fundamentals are sound. Buying high or chasing a penny will lead to financial ruin 90% of the time. Lakers

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