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Re: pickinstocks post# 1748

Saturday, 12/26/2009 1:47:48 PM

Saturday, December 26, 2009 1:47:48 PM

Post# of 6266
This forum isn't for help with stock picking. In regards to your "speculative" question - it is relative. What you might think is speculative I may not and vice versa. Are you an investor or are you a trader? An investor would be more interested in the stock's fundamentals. If you have a long time frame you would look into what you mentioned. For me, long term is anything more than a few days. I don't invest, I trade. I mainly play bounce plays so my criteria has nothing to do with good earnings or pe ratio, etc. I have a scan that I set with my own personal perimeters, such as specific exchanges, percentage down, under $5, etc. Sounds to me like you are young and have a long term horizon with your picks. Personally, I don't believe that just because a stock is under $10 makes it more volatile. I have lost loads of money on much more expensive stock in the past. Oh, and BTW, when I first started trading, I wanted to buy AAPL for around $6 and some brain surgeon on Silicon Investor talked me out of it. Told me that it was "under $10" and that Microsoft would eventually put them out of business. This of course was before the birth of the ipod. lol

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