luddite
join:2001-09-09
Allen, TX
| reply to squison
Re: Missed the point...
said by squison  :I think he missed the point somewhat. Most of those stock 'tips' (which I receive plenty of) are for short-term (ie: day trading) type trades. His site shows if you held onto those stocks for long periods. That being said, most of those tips still don't work for even what they're attempting to accomplish. I agree. It would be interesting to see what the result would be to buy and sell after a set, fairly short, length of time (end of day, next day, something like that). However, there is this tidbit of anecdotal info regarding this approach from the supplied link:
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One thing to note: I thought that I would realize temporary windfalls on all penny stocks, but then see big losses. Instead almost ALL of those stocks I added went up a few cents max, then dropped like flies the next day. So much for short term gains.
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