Paul A., I'll give you some support. If you have a short time-frame and not so much money, and you would like to bet that you might find a stock that could rise explosively at any time, and maybe especially if the market moved or if some good news about the company came forth, then imo, SNDK is a reasonable bet. (That's imo, based on stocks I am familiar with.) Especially if you are aware of the risks (which you seem to be) and if you set stop limits which MIGHT protect you somewhat for another try/another stock if this one doesn't work.
Not a great way to manage a portfolio, but it could work out for you given your objectives/risk tolerance. Or let me put it this way, with SNDK I hope so.
I've not found any empirical evidence or seen any studies that show stock market success is correlated with "TOTAL understanding and ALWAYS buying what you know." So Mr. Freeman's post, imo, is very sensible but also very wrong. Not only is it not possible to have total understanding, it is not necessary. Mostly, imo, just knowing enough, is enough.
Paul Senior,
a Paul who is long health care, pharmaceuticals, auto suppliers, REITs, financial services, insurance,steels, cement, trucking, investment incubators, electronic
contract manufacturers... and SNDK. |
