Gotta admit I'm a little jealous of all you richies who can pull off 100k shares! Others on this forum probably agree though that 10-20k shares, on positive news, turns into life-altering cash for people in their mid-to-late 20s like me. :)
good post Heezjim, that's the conclusion i have come to. if you put everything in pro managed mutual funds, it will probably be worth about the same +/-25% about 10 years from now. But hit big on a small bio (even if it takes a few years) you can make 10X or more. When i get to 3mil, i'll diversify, hehe
Rigged Money: Beating Wall Street at Its Own Game
"Rigged Money: Beating Wall Street at Its Own Game explains in detail how the financial industry has systematically worked to convince the public that investing across different asset classes is the only way to protect wealth. At one point this was probably sage advice, but today it's an outdated rule more likely to bring disaster than success. Since asset classes—from small caps and international stocks to gold and bonds—now overlap when it comes to risk and volatility parameters, the diversification effect is gone, and with it, any reason for spreading your money around. It's this change in the financial landscape, and the rules of the game, that Wall Street doesn't want you to know about, and that this book discusses."
seemed pertinent (ordered but have not read)
the lack of understanding my own motivations and tolerances has cost me more than not understanding the nature of my investments. The further out on the risk curve one goes the more important personal psychology becomes.
"I was actually waiting for it to hit 1.43 and add 25.000 more. But it never did.
Anyway AEZS is 70% of my portofolio right now. Not textbook investing ;) "
christian wanted to tell you I once turned $77K into almost $1M by buying 33,000 shares of a sub-$2 stock. It was 100% of my portfolio and at one time I owned 44,000 shares but had to sell 11K cheap to pay bills. Divesification is, IMO for those who have $3 to $5M. Andrew Carnegie became one of the richest men in history by putting all his eggs in one basket and being right. IMO there's nothing wrong with what you're doing. You know the risk. Personally I hope you make a mint. Good luck.
"barring any news a close today above 1.76 and above 1.83 for the week would be a nice set up to take on the 200 day MA 1.92 next week."
Yeah nice bounce off support at the 50-day. If resistance at $1.79 doesn't give pretty soon, the next move we'll see IMO is one down to support at $1.45. Failed breakthroughs can be painful. Hopefully though you're right and what we're going to be seeing is at worst trade bouncing between the 50- and 200-days and at best resistance at the 200- at $1.92 broken and AEZS move back into the $2's where IMO it belongs.