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re: Exxon is in the $63 range ** back on topic
Posted on 2/16/10 at 12:08 pm to TheHiddenFlask
Posted on 2/16/10 at 12:08 pm to TheHiddenFlask
After reading this next page of the Zilla/Russian pissing match, I see what Russian is trying to say. However, he is making his point in a terrible manner.
Penny stocks are a dangerous game that don't perform as well (on average) as the big board stocks. We have all heard that over and over again, and I agree with you. However, to say that dollar value gains are more important than percentages is ludicrous.
I think what you are trying to say is that sustainable growth is better than volatility plays.
Penny stocks are a dangerous game that don't perform as well (on average) as the big board stocks. We have all heard that over and over again, and I agree with you. However, to say that dollar value gains are more important than percentages is ludicrous.
I think what you are trying to say is that sustainable growth is better than volatility plays.
3
Posted on 2/16/10 at 12:12 pm to TheHiddenFlask
Zilla, to answer your question, no I did not. I got into Exxon though at 64.90 which I feel was a great entry if you look at the huge correction it made over a few month period.
Plus, according to Russian, since I am up ~60 cents and you are up only 7 cents, I am THAT much better than you.
Plus, according to Russian, since I am up ~60 cents and you are up only 7 cents, I am THAT much better than you.
Posted on 2/16/10 at 12:16 pm to TheHiddenFlask
quote:Oh yes I am!!!!
There's no way you are that dense.
I tried doing what Z is doing now. I did it for years. I enjoyed telling people how much my little cheap stocks were up percentage wise. But when I looked at the balance of my portfolio, it never seemed to go up all that much.
Plus with many of those 'penny' stocks, like MVIS, in order to buy enough shares to make any money on the small $ increases, it was difficult to do without moving the price for the stock. Both on the up (buy) side and the down (sell) side. If you enter an order for 40,000 shares, either buy or sell, the market moves. They are just too thinly traded.
So I switched to going after larger $ increases with more widely held stocks. My portfolio has done much better, thank you very much.
Posted on 2/16/10 at 12:23 pm to TheHiddenFlask
quote:Only if you assume you have the same $ amount invested in either type of stock. The penny stock buyers I've known just don't put that much concentration into any single bottom-fishing equity holding. Too much risk.
However, to say that dollar value gains are more important than percentages is ludicrous.
Plus, please see my post above about moving the market with any significant quantity of buy or sell orders.
Posted on 2/16/10 at 12:27 pm to LSURussian
quote:
I tried doing what Z is doing now. I did it for years. I enjoyed telling people how much my little cheap stocks were up percentage wise. But when I looked at the balance of my portfolio, it never seemed to go up all that much.
Plus with many of those 'penny' stocks, like MVIS, in order to buy enough shares to make any money on the small $ increases, it was difficult to do without moving the price for the stock. Both on the up (buy) side and the down (sell) side. If you enter an order for 40,000 shares, either buy or sell, the market moves. They are just too thinly traded.
So I switched to going after larger $ increases with more widely held stocks. My portfolio has done much better, thank you very much.
Yeah, I figured out that's what you were talking about. See my second post.
While I do think you are right, It does seem as though you are just here to piss on the guys parade. Whether it's wrong or right is up for debate.
Not all of us have enough money to buy into the big boards. I only have a few thousand dollars in my investment account right now, so if I buy 100 shares in Exxon, I'm almost 100% committed to the one stock.
Since we can't buy a ton of shares, our relative transaction costs are much higher, so we must seek a higher return in order to make it worth our time and money (fees).
I think every investor gets lured in by the penny stocks at first. They are sexy and fun to follow. Eventually, we realize that it's just not right for big time investing.
I guess what I'm saying is: Even though we are wrong, let us have our fun. Ignorance is bliss.
Posted on 2/16/10 at 12:43 pm to TheHiddenFlask
quote:Today IS Mardi Gras.....
It does seem as though you are just here to piss on the guys parade.
quote:Which is exactly why I said Z and I have different investment philosophies and objectives earlier in this thread.
Not all of us have enough money to buy into the big boards.
quote:Agreed.
I think every investor gets lured in by the penny stocks at first. They are sexy and fun to follow. Eventually, we realize that it's just not right for big time investing.
quote:Go for it!!
Even though we are wrong, let us have our fun.
quote:Which is why I'm so happy....
Ignorance is bliss.
ETA: MVIS is down 3% now. Thank goodness it's only eight cents! How's THAT for pissing on a parade???
This post was edited on 2/16/10 at 12:46 pm
Posted on 2/16/10 at 12:52 pm to LSURussian
quote:
LSURussian
Maybe one day we can be rich like you.
Posted on 2/16/10 at 12:53 pm to LSURussian
quote:
It does seem as though you are just here to piss on the guys parade.
Today IS Mardi Gras.....
Russian did you buy-in XOM at all recently, during the energy stock correction (which I think is over). I know you said it's by far the largest of your investments, but from a swing-trade perspective, I think the current upside is WAY higher than downside. But I am biased as hell.
Posted on 2/16/10 at 1:00 pm to LSUtoOmaha
quote:I put in an order last week but the price kept running away from my limit orders so they never filled.
Russian did you buy-in XOM at all recently
quote:I do, too. Every time I think about selling some XOM in order to diversify a bit, Exxon does something to change my mind.....like raising its dividend, AGAIN.
I think the current upside is WAY higher than downside.
Posted on 2/16/10 at 1:26 pm to LSURussian
I just bought some. I'm tired of watching my account sit completely liquid.
I should probably change the password on my account and forget what it is.
I should probably change the password on my account and forget what it is.
Posted on 2/16/10 at 1:37 pm to TheHiddenFlask
quote:Some what? XOM or MVIS?
I just bought some.
(Fingers crossed it's XOM.)
Posted on 2/16/10 at 1:56 pm to LSURussian
quote:
Fingers crossed it's XOM
Yeah, it is.
I got no MVIS in my real account, but I have a good chunk in my school project account.
Posted on 2/16/10 at 2:29 pm to TheHiddenFlask
quote:
I think what you are trying to say is that sustainable growth is better than volatility plays.
he was WAY to specific to mean that....well, he might mean that now
Posted on 2/16/10 at 2:30 pm to LSURussian
quote:
Only if you assume you have the same $ amount invested in either type of stock.
why would you ASSume anything otherwise ???
Posted on 2/16/10 at 2:33 pm to TheHiddenFlask
when you make your victory speech in front of your class, give Zilla a shout out !....wait, when is the project over ?
This post was edited on 2/16/10 at 2:34 pm
Posted on 2/16/10 at 2:36 pm to TheHiddenFlask
quote:You're doing well today then. Up almost a buck-fifty a share.
Yeah, it is.
quote:I hope you don't have any of this other stock Z pumped last August.
I got no MVIS in my real account, but I have a good chunk in my school project account.
RTK
It's only down about 60% since then.
Posted on 2/16/10 at 2:38 pm to LSURussian
quote:
RTK
did you notice the thread title ?
C O M P A N Y
it was pretty obvious to stay from the stock by the time I posted about the company..... might be a good buy right now though !
actually, again, you had an opporunity to make a LOT of $ AFTER my post
This post was edited on 2/16/10 at 2:40 pm
Posted on 2/16/10 at 2:42 pm to Zilla
quote:I've answered that in subsequent posts.
why would you ASSume anything otherwise ???
Buy $80,000 worth of MVIS and then try to sell it and see what it does to the price both times. Then buy $80,000 worth of CMI and see what happens to the price....NOTHING.
BTW, CMI is up $2.45/share today, or 4.5%. I still like my method better......
Posted on 2/16/10 at 2:54 pm to Zilla
quote:Really? Is that why you posted this 12 hours later after your OP?:
it was pretty obvious to stay from the stock by the time I posted about the company
quote:Of course, that made it obvious you thought it was not a good stock to buy then....
the more digging I do , the more I like this, not to mention the insane stock volume/price increases
Posted on 2/16/10 at 3:24 pm to LSURussian
Can the OP change the title of this thread to the Zilla and Russian Pissing match?
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