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Strategies & Market Trends : The picks
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To: Shawn Murphy who wrote (4615)2/11/1997 11:17:00 AM
From: Andrew Vance   of 6124
 
*AV*--Unfortunate only referred to the sell and not the % return. % return is a nice number but $$$ is really what matters. Since I have been following OZON as your pick for quite a while, it does not seem like you had a big block of stock that was sold off. There were not any real high volume days in your sell timeframe. However, that does not detract from the 66% gain on those limited shares and you should be commended on the pick, nonetheless.

When you buy a stock at $28 and sell it at $40 one month later (almost to the day, and walk away with $96,000 we can talk strategy. Remember, a 100% return on USBL will still only be a $1500 or less profit. This figure represents the combined gains made in one stock for the investments I controlled in LRCX.

I am just trying to make a subtle point. No one should be interested in the % gains made on any given stock without full prior knowledge of the amount of shares involved. I could own 100 shares of stock in a multitude of companies and tout all the ones that went up dramatically, which serves no point. We do not need to know the % gains made in a stock which just makes the imagination run wild with the could of been scenarios. Bring it to a level as to "this dollar investment yielded this dollar return". After all, everyone who is posting on this thread has time and time stated, "we are here to make money". I take that to mean we are not here to make % but to make $. What is your opinion? I think it would be more realistic.
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