True story. You could have done it again in 2014. You could have invested $30,000 in amzn bought 100 shares at $300 dollars a share. They’re worth over $300,000 today. And were recently worth over $340,000.
Or you could have bought LQMT at around .12 cents that same year invested the same $30,000 dollars bought 250,000 shares and made zilch or to be more accurate, made $875.00 dollars by today and f you held up on.
What’s even more sad is that amzn had 3 stock splits . Meaning for every 1000 shares before 2001 would have turned into 12,000 shares.
I bought amzn at $335 and have held on. Selling half due to economic headwinds. Will sell the rest on another 10% drop.
I’m not a day trader. But one could have made over $87,000 in LQMT with the same investment of $30,000 by just paying the .12’s and with just a minimum gain of .0035 per share since 2014.
I think my short term strategy of playing the wash and rinse cycles is a little more practical and one all can follow, while holding onto their long term position.
By the way… LQMT has also been a sad story. Not much longer as all wait for contracts and license revenues.
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