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Sotherly Hotels Inc. Message Board

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  • HE9412 HE9412 Apr 20, 2009 12:59 PM Flag

    Suspicious trades?

    The trade was a normal limit order with no special conditions. I didn't want to pay more that $1.05 but was shocked to pay less than the limit #. I have no idea of how the price is set.

    This is a risky stick in that it is such a small company and in a business that is affected by a recession. On the other hand, I believe (hence the buy) that it is worth well in excess of the current stock price and that it has been artificially beaten down. I expect to be buying more if the stock dips.

    I like the expected return on companies like this, since even if there is a 50% chance of bankruptcy (a made up # of course), the other outcome is likely a gain of 500% or more. With payouts like that, I only need 1 company in 10 to hit to break even. The secret is to spread your bets a bit and not put everything in just a few companies.

5.050.00(0.00%)11:11 AMEDT