hdhick: I'm betting that CYGX never goes to zero, so I don't anticipate a 100% loss. I like my odds. And while I understand your point, I would rather buy 100,000 shares of a promising company whose shares are selling at $1.00 than 10,000 shares of a company selling at $10.00. That is just my particular preference. When I can really load up cheap I can take my original stake off the table if my stock selection goes for a nice upward spike. Then I can ride the "house's" money as far as the stock can go. I have not had too many losses using my method. I suffer paper profit losses from time to time, but usually after I have gotten my original stake in a particular company back. With these biotechs you can get blindsided too easily. But if you have already gotten back your original investment, you can withstand a precipitous drop in the share price a little easier. At least I can. I've seen several of my small biotechs suffer price drops in the last 3 months...AVII, COR and AXYX. And yet, from my original investments I am only underwater with AXYX because I never got the run I anticipated and could not liquidate enough shares to recoup my origial investment. But even AXYX might have some promise, as they are currently being merged to form Torrey Pines Therapeutics.
Anyway, thanks for your advice. By the way, what is a bond?
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