Tuesday, February 03, 2015 10:40:26 AM
Extremely poor example.
When DJIA fell by 500 points in the 80's it was a disaster (25% drop in a day). When it falls (or grows) by 500 points serious investors barely notice (it's less than 3%). The 200-300 move still gets presented as something big on the TV, yet in reality it's nothing to talk about.
How often does SLTD trade in $1 range today? Never. How often will it trade in $1 range on Nasdaq in one-two years? Probably every day.
Yes, there is a downside potential; but there is even greater upside potential.
There is an upside potential on OTC, too, but it's not as sustainable.
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