ANI Pharmaceuticals (ANIP)

[lawn ranger]

Which scenario would make you more money? Buying 500 shares of ANIP at $28 and selling them at $31.50 on 6 separate occasions, OR, buying 500 shares at $28 and selling them at $49? Either way, your capital gain is going to be $21/share, or $10,500.

In the case of ANIP, which of the above scenarios is more likely to happen? That the share price bounces around between $28 and $31.50 for months on end, OR, it rockets from $28 up to $49 in a straight line? I'd like to believe ANIP is headed for $49 in the very near term, but I'm not holding my breath. On the other hand, given this frothy market, it could quite easily take out $31.50 tomorrow. And next week, it could well be at $28 again.

As a retiree, I fortunately have the time to make "meaningless" trades on "little bounces up and down". Long term or short term, my tax implications are also meaningless since traded inside the wrapper of a Roth.

Maybe I'll miss that big move from $28 to $49. But I'm banking consistent gains in the meantime. There are multiple ways of playing the stock market game. Noted singles hitter Tony Gwynn is in baseball's Hall of Fame. Slugger Dave Kingman hammered over 400 home runs, yet he'll never get a single vote for the Hall. There's a place for "singles hitters" in the stock market.

In response to an earlier post: "Little bounces up and down which are meningless unless you are investing your kids' tooth fairy dimes."