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Re: cl001 post# 131383

Sunday, 02/06/2011 6:43:00 PM

Sunday, February 06, 2011 6:43:00 PM

Post# of 174977
CL, The Jr. resource area has never seemed to work for me very well, even if the trend is there. My impression of the typical stock one finds here is 65-75 cents, with a large spread, and trades about 7-10000 shares per day. So, the first problem is, the individual stocks don't seem to gravitate towards positions of 20K+ dollars, but more like 5K. So, in order to make significant money, one needs to hang on for multiples. At the same time, it seems one is supposed to sell on 10-15 cent moves when the crowd is taking notice. At least that's what people keep saying they're doing. I would prefer big-time resource stocks, where one doesn't have to be constantly flipping in order to make money.

Anyway, I'm sure it's a terrific field for some people, but if it doesn't fit one's style, it's not the place to be. I'd be interested in any comments people have on my impressions being wrong though.

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