Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (43245)	5/1/2005 8:19:03 AM
From: chowder	Read Replies (1) \| Respond to of 206342

>>> At these price levels both PTEN & CHK are good for 50% gains. It may take 6 months or 18 months but 50% is not chump change and would displace two years of screen time working for 2% a month scalps. <<< Que, stop and think a minute. Take a deep breath, relax and open your mind. Allow yourself to think! Working for 2% a month scalps, when compounded over 18 months is a 43% profit. Just about in line what you think PTEN and CHK will do. The difference between your style and my style is, if your plan doesn't work, you've lost 18 months worth of investing on a losing trade. With my style of trading, my profits are pocketed each and every month. I ain't giving nothing back! I show a profit every month. Because I'm not taking the draw downs, I don't need a stock to double up and catch up. I can outperform the market with small returns every month due to the power of compounding. If I don't take large losses, and I don't, I don't need huge gains to make any headway. I know my style isn't right for everybody and neither is yours. We each submit what works for us and that's good enough for me. I'm not knocking your style of trading, I'm merely presenting another view. I'm simply sharing what is working for me and explaining what I look for. I won't have the best end of year results here and that's not my objective. My objective is simply to outperform the markets and I'm doing just that. I'm willing to buy CHK or PTEN on Monday if they can hit my price target but, I won't buy them as price is falling. They will have to have some upside momentum before I jump in. I have no interest in trying to guess what the low is going to be. I'll leave that to the novice traders. dabum