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#1 (permalink) |
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Manager, Emeritus
Join Date: Oct 2004
Posts: 11,142
OS: xp
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What would you do with this stock?
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#2 (permalink) |
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Biker, Geek and Jock
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Re: What would you do with this stock?
I hit $145k pretty quickly, but quit - that's where I'd cash out if I were purchasing with real money (~50% earnings). I'd just take out x% and then keep investing some. It's actually pretty easy - just gauge trend lines, knowing that stocks that are going up are likely to come down soon, and vice versa. More volatile stocks are riskier, and trying to play the market by just viewing trends like that is quite risky in itself - one would ideally want to know a little more about the companies. Did they just release a new product? Are their earnings forecast to increase? What are their major shareholders doing? (When Bill Gates sells Microsoft shares, follow suit
. If you aren't the smart money, follow it.)And just for the heck of it, I continued. Only this time I just clicked buy every time for about 30 clicks straight. I got down to $40k . But then this happened:RIIIIIIGGGGHHHT... I have to be honest, once I hit $200k I started picking a little more carefully - it was random luck getting there, random luck would take me right back down. Where I chose specifically, gains were lesser, but losses were also reduced and I tended to gain more often than lose... I wouldn't take it up as a career though...
Last edited by -=Rousseau=-; 03-22-2008 at 02:55 AM. |
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