Replies to post #131383 on Value Microcaps Motherboard

[nelson1234]

cl,re: I don't understand why so many smart traders are still trying to pick up the falling knife year after year?

What falling knife?

THE OBAMA BULL MARKET:

OBAMA GOES LONG THE MARKET
DJN March 3,2009

WASHINGTON (Dow Jones)--President Obama appeared to be flashing the buy sign to nervous investors Tuesday when he said shares could be "a potentially good deal." The remarks, a day after the Dow Jones Industrial Average sank to its lowest level in 12 years, were unusual at the White House, where officials are loathe to comment directly on market movements, much less share rices. "What you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama said.

Since Obama Pounds the table on March 3, 2009:

Russell 2000 went from 361 to 800, up 121%
Nasaq Composite went from 1321 to 2769, up 110%
S&P 500 went from 696 to 1311, up 88%
Dow Jones went from 6726 to 12092, up 80%

[John Bates]

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.