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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (136679)12/2/2001 4:50:04 PM
From: GraceZ  Read Replies (4) of 436258
 
I'm sorry did you specify the number of shares you were buying? The way I saw it was that if I invest $10,000 into a stock at $90 and it goes to $.25 I've lost 99.79%, if I invest the same $10,000 into a stock at $.25 and it goes to zero then I've lost 100%. Its a simple math problem, nothing to do with statistics as DAK so short-sightedly assumed but I'll bet that there is a far higher probability of a stock selling at $.25 going to zero than a stock selling at $90 going to $.25.....although recent developments in the market would have you believe otherwise.

So what's your best case scenario, the stock goes to a buck and you get $750 bucks profit, a 300% gainer and you only bought $250 worth. More than likely you threw away your $250. I'd rather put it down on a roulette table, better odds.
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