To: eden who wrote (30726 ) 4/2/1999 10:18:00 AM From: Joe Hoek Respond to of 120523
eden - your right about not having to have a boatload of shares to make some decent money. I had only 50 shares of ABOV at 33 - that would have been a $5,000 profit on a $1650 "investment" in less than 3 weeks had I held on to it and not placed a "ridiculous" limit order on it when I couldn't watch it. Heck it you had 10 shares you could have made $1000 on a $330 trade, and I got in 2-3 days after it was on the Watchlist - I think it was $20 or under 2 days before and I was a little nervous that it had run so much. I've bought as little as 16 shares of some high priced stocks, and have done better than buying 200 shares of a $16 stock. (And with 16 it makes the multiplying of fractions easier :0 ). Don't think like I used to that you have to buy in blocks of 100. I know someone who bought 7 shares of MSFT - I thought they were nuts - $4 a share in commission, but that was a year or so ago and it's actually made him some decent pocket change... If only I had bought 10 shares each of AOL, YHOO, AMZN, DELL, LU, CSCO, MSFT, INTC ... 3 years ago when I first started "investing" my account would be a lot higher than it is now by NOT DOING ANYTHING since then. But I picked cheap companies so I could get a lot of shares and wound up losing 75% of my money when things turned bad. Screwing around watching the pump and dump threads and listening to hype (They know who they are). Made some nice trades but got crushed even more by the dumps... Now I have to quadruple my money just to get even. (ABOV would have made a big dent if I held - ughhh). So far this year I'm up 66% and have a long way to go, but with my new discipline, Market Gems and all the great people on this thread, I think I can do it. (I know I can, I know I can, I know I can - positive thinking... <G>) Good luck and a heartfelt thanks to everyone on this thread that has helped me directly and indirectly.... And of course Jenna Joe P.S. Thank you Jenna and everyone else for keeping the hypesters off this thread. I remember when they started showing up with NM, BNGO, and some other crap hype. Sometimes the stock was OK, but the hype stunk bad and I don't miss it at all. I only look at "their" threads when one of my picks is running to make sure they're not behind it and going to drop it on my head. Again thanks.........