Replies to post #3377 on Phoenix Associates Land Syndicate (fka PBLSQ)

[quiet]

Probably a lot of theories on that. If you were talking 100k I'd say "yep, you betcha"... but IMO when you are starting out small you might want to look for a winner and go all in.

--q

Just my 2cents.

[grizzy]

nah, I don't think you are a fool. You only have a small amount of money....if you split $1k into 5 different stocks you would have to make over 10% on all 5 stocks just to recover your commission.

Now, if you have $100000, I would say you were a fool, but only as a rule of thumb. Phoenix is a great investment, and at this price per share is almost unruly cheap....

-griz

[grizzy]

although, peorge, I will say this:

if you'd only put in $500 instead of $1k, and kept the $500 in cash, you'd be in a sweet buying position right now :)