Greenland Corp. (GLCP) Message Board

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Microcap & Penny Stocks : Greenland Corp. (GLCP)

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To: Dave Bissett who wrote (586)	5/3/1998 8:40:00 AM
From: hoffy	Read Replies (4) of 2278

>>>I'm very enthusiastic about this company but I've seen this opinion about the "real money makers" and, frankly, it's naive and dangerous. First, add up the percentages that quick daytraders could have made each day over the past week in this stock and compare that to buying on Monday and holding through Friday. Now multiply that by the number of days/weeks GLCP may see daily ranges like these over the next few months or a year.<<< Yes, but you assume that you buy at the low and sell near the high. If you can do that all the time then you are truly amazing. The daytraders do make money on stocks but it is not an easy way to make money. It looks easy when a stock moves up and down very fast but to buy low and sell high is difficult at best. And when a stock goes through the roof most time daytraders are out of it way too early to make the big gains. They are happy to scalp 10% on a stock but the long term holders can make much more. If you know a system on how to buy low and sell high all the time please let me know. I want to get rich quick too.

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