News Focus
News Focus
icon url

downsideup

09/23/10 1:17 AM

#346 RE: bell345 #345

This company went from under $0.30 to well over $1.50 in five months last year...

You were here and watched it happen... while I was here chatting about it with you... telling you what I saw in the charts ?

So...

Timing matters ?

The point of doing the DD and working on your timing and trading skills... is to avoid being "most people" ??

Most of the risks you address are NOT modified by the exchange where a stock trades. The benefit of a higher exchange is the listing CAN generate greater liquidity... and that thin veneer of "safety" provided by the exchange is a fiction, that mostly means there are many more less sophisticated investors buying those shares...

The "value" isn't modified by the exchange... but, the listing often enables selling for a better price... to others who aren't able to identify good stocks before they trade on that exchange... or after.

Not a quibble from me on the utility of owning good companies that are successful in up-listing... but, trying to avoid buying them before they up-list makes no sense (and the listing doesn't change them) when the whole point is buying a VALUE which you are more likely to find a better deal on when you find good companies that happen to be pink or OTCBB.

It is worth the effort it takes to find them...

Recent examples of "buying low" include: QCOR in 2007/2008 and again this year. QCOR this year was not made more satisfying because of the uplisting history. MILL this year... not about the listing buy about the value... and, you know, riding ATNY from under $0.30 wasn't that bad an idea, either... no matter what exchange it traded on ?

Man up and post your calls on IHub when you make them... which makes it not an exercise in looking at charts after the fact and seeing "where you COULD OF made money IF"... rather than an exercise in holding yourself accountable for your calls ???

Anyway...

JMHO