Sub 1.00s in 2010:
Drexion is right of course.
Sub dollar stocks that could not break 1.00 in 2009 probably have good reason for not breaking 1.00.
I am taking the advice from some very smart folks here and imho, you should too.
What worked in 2009 wont work in 2010.....for the most part.
Buying cheap stocks because they are cheap and hoping they will go up is a loser in 2010.
The better strategy is buying stocks that executed in 2009 to get out of sub dollar land and are now in major growth mode in 2010 like CKGT,LPIH,CPQQ,NEWN, etc.........plus others that never dropped below a buck but were close (TSTC,etc)
Burp has a great point as well.
Buy solid growth and shoot for a realistic return in relation to the sick money made in 2009.
Burp"s 300% is realistic for the ECSC board if you own strong core positions around active trading shares
Many of the stocks talked about here are just powering up and could very well top 300% gains in 2010.
Me? Im shooting for 100% and trying not to get too cute. Doubling the 2009 gains would be incredible in its own right as far as I am concerned.
In 2010 I am going with a 70% core of solid China small cap blue chips with 10% of trading shares added for a total of 80%.
Im using the other 20% of my firepower for the daily, out of nowhere, ops that drop in our laps here. (CYXN yesterday for instance).
Hoping to replicate 2009 via buying into mostly sub 1.00s simply will not work, imho.
That being said, there ARE still sub 1.00 gems out there and laying down a major bet from time to time will pay off.
In that regard I am counting on the very smart folks here to validate some of those picks.
In 2009 I put up a few picks that were ripped to shreds in hours by ECSC board consensus. In almost every case the collective intel here is on target. Much more intel than even the smartest investor could ever hope to on their own.
In general, if your pick is met with 80% hoots and hollers on the ECSC its time to drop that stock, imho.
Conversely, there are some very smart folks here who can be spectacularly wrong from time to time. So dont let a lone desenter or two scare you off an excellent pick if you know your DD is solid.
Make your case. If its solid it will overcome the naysaying of one or two powerful dissident voices.
In conclusion, I am looking forward to the final "Under 1.00 Top Ten" because I think that there will be some real gems in there.
Imho, You should use the list to do some serious and then act only with extreme caution if you decide to buy.
Any investor who makes a major bet in 2010 on a sub dollar China small cap better be able to afford to lose that bet.
Putting major money at risk on a sub dollar when there are many China blue chips with strong returns is reckless at this point.
Just my opinion, of course.
AI
