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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Thomas M. Carroll who wrote (2941)1/20/1998 5:04:00 PM
From: sea_biscuit  Read Replies (1) of 42834
 
Wow! So I borrow at 19%, buy some 10 stocks, put the stop/loss order and sit back?

Since they are likely to be shoot-in-the-dark type gambles, here's what's very likely to happen to them -- 4 of them are sold for a profit, 4 of them are sold at a loss, and 2 of them go nowhere...

So at end of it all, I am in debt, paying interest @ 19%, with no profit from my investments, and now hold 2 stocks that I know little or nothing about. Great! Just great! ;-)

Dipy.
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