Hi Jill,
I think I mentioned on one my first posts on this board that I couldn't in good conscience put a major part of my own holdings into 1 stock, even HISC.
Although I admire SOROS for his gutsy gamble at this point, I've travelled about 100 or more penny stock roads the past year and I've had a very good, much, much better than I expected return. Prior to this, I avoided penny stocks and, in particular, non-reporting ones.
I've found it's possible to make money and a lot of it with risky stocks.
However, I have found that there is an ebb and flow. Almost all these stocks get pumped up on great news and prospects and then get dumped down on "how they pay for" the great news and prospects. It's simply a fact of life for a developmental-stage company.
So, being married to any one stock is not something I would do. Again, if it works for others, more power to him or her. I do believe that each of us has to have our own specific style. For me, diversification has been the key. Every day, I have stocks that go up and stocks that go down. The returns, multi-baggers, which I have had on a regular basis, mathematically have ensured an incredible return despite inevitable losses. One of my favorite "maxims" is that anyone who claims to have more than 70% success in timing his picks is a liar. Considering that 50-50 is the random chance of success, it's foolish to believe anyone's promised return over your own DD.
On a given day, I can't guarantee that any one stock will be "up" tomorrow or next week or even next month. But, I have seen those who diversify do extremely well over time, provided that they do their own DD and don't get sucked in with hype nor scared away with bashing FUD (Fear, Uncertainty and Doubt.) |
