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janice shell

04/15/11 7:44 PM

#3955 RE: 5dollars #3954

Honest, I never talk about stocks I like. Except of course for stocks everyone likes such as AAPL. And of course that was one to get in two years ago. Better yet, ten years ago. At its current price it's really only practical to play short term technical swings, using options to increase leverage and bring the expense down.

Generally speaking, I've always thought that young exchange-listed companies with prices between about $6 and $20 have the best potential for short-term growth.

You can make nice gains on stocks like that. Here's the problem: penny traders have come to believe that returns of 100% and more on most plays are "normal". They are not. People thought Bernie Madoff was a genius because he supposedly turned in a ROI of about 16% year over year.