SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ROLLING STOCKS
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  
To: Salim Ilmudeen who wrote ()8/19/1996 6:59:00 PM
From: Michael Carey   of 233
 
Salim,
I've heard this infomercial too and had a good laugh. He makes
it sound so easy. I'm sure that you can find some stocks that behave
the way he describes them but I also think you stand as good a chance
sinking your money into something that doesn't "roll" and then you
have all your money tied up in some dog you don't like the fundamentals
on but bought just because the chart looked right. Further, talk about
shoting yourself in the foot when the stock you sold for three goes on
to hit 15. I think the better way to handle stocks that bounce is to
buy based on fundamentals first. Then, if you have a stock that goes
from 2 to 3 and you want take the quick 50% (before commisions) and
hold the other half of your position. If the stock drifts back to $2
and there has been no fundamental change then buy back in. If the stock
instead goes from 3to 15 you've still got a position and can feel good
about your smarts for getting into the stock.
By the way, I had a friend many years ago who did play stocks for
5-10% moves- a day trader. He made a lot of money but lived a rather
solitary life because all he could focus on was making money. It
consumed him, nothing else held his attention. I think this is a common
affliction of traders, it is very stressful and probably not worth it.
Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News