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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (29475)	12/28/2007 7:20:41 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Do not feel too bad but in my 19 years working my IRA account, I did have two small positions that went BK. Hindsight says that it was not a good investment for the IRA but these two were during the dot.com period. I try to be very conservative with the IRA account and now maintain a discipline that any new IRA investment must pay a dividend. I probably should also amend my rule to include not to invest in any sub-prime companies too. I am looking at using ETF funds in the IRA as the expense fees are low and you get instant diversification and can target specific sectors. Good luck on your strategy. Good find on DYSL. Have a profitable New Year and focus on steady and slow gains that generate income for the IRA. Limit your speculative picks to amounts you can afford to lose. Those BK assets in the IRA are worthless so I try to speculate on those prospects in the taxable account. EKS

To: Lazarus who wrote (29475)	12/29/2007 5:24:47 PM
From: Madharry	Read Replies (1) \| Respond to of 78748

bottom line is losers dont matter much when your overall profits are great. kudos to you too!

To: Lazarus who wrote (29475)	12/29/2007 5:49:33 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78748

Hi Lazarus. I've not done well with penny stocks. I guess I hold too long and so lose too much principal. Or maybe too, it's the principle that I've lost in buying these things. The winners might be multibaggers, but there are so many losers and the losses are so great, that the winners don't overcome that. At least for me in my portfolios, what I have bought and am holding. Here are my penny stock (under $1) losers I'm holding, and percentage losses so far. In no particular order: GSHF.ob -92% SANRF.pk -22% PTSG.ob -2% POGI.pk -96% HLSRF.pk -93% PTCH.ob -45% HSOA -51% (Stub position. Most sales at higher than purchase price) GEPT.pk -98% (This wasn't a penny stock when I bought it! Ouch!) SHLL.ob -38% HORT.pk -94% CMNZF.pk -80% (These all in tax sheltered accounts. If I had had any in taxable I would already have sold for the tax write off.) finance.yahoo.com