George Kerby <ghost_topper@hotmail.com> wrote in news:C7276104.388DA%
ghost_topper@hotmail.com:
> You should not really be so bitter because you sold you AAPL in 2005.
>
>
Your concept of how stock is traded by daytraders is way off. We'd
NEVER hold a stock LONG! That's just suicide. Only the suckers "hold"
stock and are loyal to the corporations. They're the ones jumping out
of windows....
I have missed the opportunity to do a little AAPL trading since its $85
bottom the week of March 2. I don't trade expensive stocks very often,
anyway. Money multiplies when a $2.12 stock mysteriously rises to $6.83
on a rumor some big bank is going to buy this bankrupt little bank.
Notice how the multiplier here is 3.22. If AAPL were $100/share, for
similar short-term performance, it's price would have to go to $322 to
match the profit margin of the failed bank. That's just not going to
happen to an expensive stock very often. If you nervously punched the
button for $5000 worth of Harper Valley PTA at 2.12 and it jumped to
just $6.83 by Monday when you guessed WRONGLY it wouldn't go any higher,
your $5000 only became $16,100 (when it could have been over $20K).
This kind of thing happens in DAYS to really cheap stock, not months or
years like AAPL. You could starve by then!
Well Fargo did me a big favor this past year bailing out the failed
Wachovia Bank from Charlotte. I bought Wachovia for only 98c/share the
day it crashed hard, figuring someone would want all those customers and
locations throughout the South. By Friday Wells-Fargo was offering me
$7/share, IF the deal went through, but I wanted to sleep that weekend,
so I dumped it on Friday afternoon at $6.93. My initial investment of
$10K, which pretty much wiped my account dry on this hunch, became
$70,714 that week, wiping out my Social Security checks for several
years after they found out about it....(c;]
I'm only bitter I worked 50 years as an electronics technician, an
honest work, when I could have made MUCH MUCH better money and lived far
better all those years if I sat on my ass in front of this screen and
played with the keys...fixing nothing, contributing nothing to the well
being of the country.
AAPL's too slow, too expensive. It should have been split many times in
the past to a more reasonable price that didn't carry with it the
psychological baggage of being a major investment to the investing
masses. Wall Street loves it because it rises slowly to sell lots of
shares they suck off the commissions from, then crashes hard at regular
intervals causing the suckers to dump it cheap so the cycle can repeat.
Remember when it WAS $194 Dec 3, 2007, then dropped to $124 Feb 11,
2008? Lots of people panicked and lost their ass...LONG INVESTORS.
Then, it recovered to $181 in May and crashed 3 times in 3 weeks to $82
and stayed there from the 2nd week in October to the 2nd week in March.
That must have been just devastating to someone holding on for dear life
to AAPL as during that dark period It didn't appear it was ever going up
again....but it came back as the LIES on TV of a "recovery" kept being
pounded into their heads. I could have bought in March under $100 but
the multipler to today is only 2X what you paid for it because it's SO
expensive. No thanks. Panic sets in to these expensive stocks way too
often when something in the economy glitches....except, of course,
Warren's Berkshire-Hathaway at $101,000+/share, even after he bought the
huge railroad...just so he could drive the train...(c;]
I'm a little guy playing penny stocks. It's very addictive, much more
than a casino where you're guaranteed to lose your ass. Here, you can
actually win regularly if you're attentive.
I'm not very scientific, though. I like to gamble. Otherwise I'd just
follow these guys around:
http://www.daytradingradio.com/
who daytrade very scientifically over a wide range with great results.
On the webpage are his trades and earnings. Take a look. He fails just
like I do, at times. But, he wins a lot more often using scientific
methods you can learn by simply watching him trade when the market opens
in the morning. He even lets you watch for free, hoping to sell you
more. Great fun to listen to while you lose your ass or win....(c;]
--
Larry