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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (7378)	4/2/2009 7:20:49 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 20435

I cannot do that. It's okay for a contest like this but it's not practical. A lot about this contest is not practical, but the rules are clear and we play by the rules. ------------------- But seriously. Who would buy a 17 cent stock hoping for the big move? I gave an example a couple of weeks ago. Let's say you bought 200,000 shares of this 17 cent stock. $34,000 A friend of yours daytraded 1,000 of HPQ, Hewlett Packard. 33.69 or $33,690. The stock you mentioned moves 1, 2, 3 cents a day. HP moves around a dollar a day. 10 shares of Berkshire Hathaway B costs about $29,000 and moves a hundred bucks a day. It actually makes more sense to trade BRK.B than a 17 cent stock. It also has less money at risk for the range of movement. Shoot me for my arrogance, but unless you are trading millions of shares of a 17 cent stock your gamble is that something is going to happen that shall make you a huge winner. But we could go to Las Vegas and do that with a bet on 17 at Roulette.