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Investing...your thoughts?

yeah tell me about, in 97 I bought an OTC at .05 and rode it all the way to 1.60 in 1 wk then 2 wks later it was halted and opened on the pinks @ .005 LOL....i learned my lesson from that when picked some up at .008 out the next morning at .25 on 100k shares....number one thing as mentioned before is not to marry a stock especially if its a penny unless its breaking out of course
 
Just remember that you need $25K equity, minimum, in a margin account or else you can only make 3 daytrades within a 4 day period.

I think someone may have said that already.

Poops.
 
I bought 400 shares of ENGA at $80. I sold it for $2. Beat that.

My defense is I was building my house and had NO access to my positions or news... anything.

bastards.
 
gonelifting said:
I bought 400 shares of ENGA at $80. I sold it for $2. Beat that.

My defense is I was building my house and had NO access to my positions or news... anything.

bastards.

Drug Dealer
 
collegiateLifter said:
im interested in investing, but not at all in day trading. Buy and hold... and work on the side to raise money as i need it

Dollar cost average, Putting money every week out of your paycheck or every month wether the market goes up or down. When you have a long time for it to grow you`ll be a happy man.

If you can put it in a tax deferred or tax free acount it`s even better. Like a 401k or IRA. 401k`s are good because you`r employer matches what you put in for a percentage. AND it goes in before taxes are taken out.
 
gonelifting said:


Dollar cost average, Putting money every week out of your paycheck or every month wether the market goes up or down. When you have a long time for it to grow you`ll be a happy man.

rather, save up my money on short term things like savings accounts or what not, find some real good companies, and when the price is right, buy as much as i can.
 
collegiateLifter said:


rather, save up my money on short term things like savings accounts or what not, find some real good companies, and when the price is right, buy as much as i can.

If they ARE god companies like you say... Then while you`re saving your money the price of the companies will grow FASTER than your CD or savings account.
 
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