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To: nokomis who wrote (4739)	10/26/2000 4:32:18 PM
From: Susan G	Respond to of 8046

Nok, Every time I buy a stock under $5 I get burned...even on the 10-20 dollar ones. I do much better with expensive stocks in small amounts, I'm not sure why. Maybe I have more of a tolerance for swings when it's on 100 shares and not 1000... If I buy a 100 shares of a $100 stock, it has to drop 10 bucks for me to lose a grand. That's comfortable - I can get out LONG before 10 points! But if I buy 1000 shares of a $10 stock, It can go against me by a buck by the time my order is filled. So I can lose a grand in 5 mins - NOT comfortable <g> So I now avoid all stocks under 5 totally, rarely under 10. Except for one cheap $2-3 biotech play that I've been in and out of profitably for the past year, I just buy it low and sell it on pops all the time. And - I rarely hold through earnings. Only the creme of the crop of my long termers - like AFFX yesterday, and only because it had been crushed. I could give you a laundry list of stocks that killed me holding through earnings, it's just not worth the risk.