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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (29486)1/4/2008 2:40:06 PM
From: Lazarus  Read Replies (1) of 78751
 
They can be tricky...

look at this chart on TVIN. I bought 50 shares at .05 in 1998 and some more around 11 cents. I traded out around 33 cents or so on the spike -- only to watch it go to over $5.00!

finance.yahoo.com

today its trading for less than my last sale.

with SPND my first buys were at 18 cents in 1998 and managed to hold for what seemed like FOREVER since it didnt move much for YEARS. Then at the end of 2006 and beginning of 2007 I let go of the last of them in the 5- 6 dollar range.

I also had a biotech company that I bought for 2 cents when it was trading at .001 x .02 . I later went to dollars but I sold the last of my shares around 30 cents :(

I'm probably a bit like you in that oftimes when I buy them and they dont work out I ride them to zero more often than not.

otoh - I'VE NOT DONE WELL WITH BIG CAPS. Now and then I get lucky with them, but I dont really have the grasp on big caps that I do on pennies. For one thing, I cant read and understand big-cap financial statements with their alphabet-soup class shares, debt financing, preferreds, options, etc. The overall financial structure is just too complex for me.

Wishing you a Prosperous 2008!!!

Lazarus
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