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Re: timhyma post# 13238

Friday, 03/18/2005 6:45:03 AM

Friday, March 18, 2005 6:45:03 AM

Post# of 54444
Thanks for the reply, but I am not as concerned about losing money in Vitra as I am about wasting time with it. I have eight stocks of this kind (penny stocks) in the speculative part of my portfolio because it takes only one hit to wipe out all potential losses in the others. I have been doing this for a little over three decades and am still well ahead of the game. One example is Vtss bought at 8.625 and sold at a little over 130. When I make a good profit I only reinvest about 40% or less in speculative stocks. The rest goes into something much safer. This way I can always stay ahead. Kelly made me anxious when he talked about life changing announcements.



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