InvestorsHub Logo
Followers 108
Posts 7659
Boards Moderated 0
Alias Born 07/24/2003

Re: researcher59 post# 705

Saturday, 12/13/2008 12:11:26 AM

Saturday, December 13, 2008 12:11:26 AM

Post# of 771
Thanks researcher. I played FRE twice in the contest and 3 times in my real portfolio. I think that I made a little over 400% on FRE in the contest and about 700% in my real portfolio mainly because in real life you can trade intraday unlike the contest where you get the closing price for the day. You are right, I could have made a fortune had I invested my entire portfolio into FRE, but I would NEVER invest everything into one stock and I did put in what I was comfortable with. The entire 68% was made on FRE and actually FRE accounted for more than 68% since I had one stock that lost about 20%. I think that it proves that you can make a lot of money just sitting on cash and having a few HOT picks. That is exactly what I did in both the contest and in real life. I have been saying that for about 3 years and I think that this contest proves the point. If you check the trades in the I-Box, I held FRE 4 days the first time and 3 days the second time. So, the 400+% was made in 7 days. No sense in having the funds exposed to this terrible bear market for any length of time. I got in and got out and waited on the sidelines for the next opportunity.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.