Howdy Paul, great to see your Good News and your post again - and as you're pining for a lady from afar just got to tell you as one who has been both the piner and the pinee in love and in stocks...Same/Same... "Where there's a will, there's a way". Lemmetellya here's how I bought more GNET when I wanted it before you must serenade their Headquarters by the light of the silvery moon. When 100 shares of AOL split for me twice, and some penny stock profits got me some more; then that rise again, and so to me, holy mackal that's alot of money in one place and a conservative side got me nervous to see that. Besides, I wanted GNET and another stock I forget which. So I sold off some AOL shares and bought some (more) shares of GNET as it was happening bigtime. It was a bit cheaper than AOL, unlike now. Then, a little later, I sold some GNET to buy more AOL. And then sold that (not all) AOL to get more GNET around the split, and back again as GNET and AOL split on the same day. And another time or two after that, too, after the split, til "It" was over. Big-money blocks aren't necessary to buy stocks; so also bought just a few shares (sometimes like 20) of some other Co.s too, or new pennynet momentums, with the shaggy tops of the money from these AOL/GNET trades and also from pennystocks profits that were topping at that time (Nov/Dec/Jan).
Now, maybe AOL and GNET got a little dance going together again, they sure were today as so many other stocks were laying low. They seem to race each other sometimes lately just to see who is hotter stuff like a One To One The Champ vs. The New Kid. Anyway, getting a foot in the door when I pine for a stock, so then it's easier to watch it and plan if/what to do next with it...eases the tension somewhat.
So IMHO just a few shares of a stock that looks good is safe as long as there's still room to grow (judgement call). Sometimes stocks at their alltime high (like GNET) have as much or more room than something that's low because it's just lagging after a split. If it drops for market reasons afterward, it's a good opportunity to grow the holding and average the basis down. For me, to hold even just a few is the only way I'm able to get in tune with it.
So, that's the GNET/AOL story, and noticed other times some stocks can get into a mutual holding pattern. CPQ/DELL have been longtimers famous for this, and MRK/PFE/BMY can get into it too. Some others, noticeable for a week and then it never happens again. I find personalizing my stockmarket adventures more fun than calling it what it more likely is; either a coincidence that keeps happening more often than not, similar types of investors gravitating to the same types of stocks, or a statistical anomaly. But it's a thing to notice, as it happens.
909,
Joan |
