Quote:
Originally Posted by jnewberr2ssrs
To my knowledge, squat is right...
I would not count on this being a long term investment (which is how a portfolio should be designed)...Believe me, I had the same idea about 2 months ago and I bought numerous shares of MTLQQ at about .70 and I held on to them for about 2 weeks and sold them at .90 - after they had gone up to around 1.00 a few days prior...It was a very excellent call on my behalf and I made about 30% which is not bad at all...Shortly after they fell again to around .60-.70 and I felt good about myself for not getting greedy and stupid (which, yes has happened with some other stocks...One of them was AM [a greeting card company] a few months ago that I bought at about 6.00 and then I sold at around 9.00 after it shot up 53% in one day and then started a slight decline...It is now at about 22.00  doh! lol) |
Heh, don't ever feel bad about making money in the market. I bought Apple at 88 and sold it at 92. I like to kick myself sometimes for that one but all in all I still made money.