2+2 Stock Trading Competition

[gvibes]

I have decided that I will put all my money into a single highly volatile stock, and hope that either puts me in first or last (I want some sort of bragging rights).

EDIT: I bought ~240000 shares of INB, a pharamceutical company that has gone down >40% in the last month, and set a 52 week low today. It has nowhere to go but up!!!

[wildwood]

Hi gvibes,
Good luck in the contest. Anything can happen. But stocks that are making 52 week lows usually means something is wrong. Would you buy a big share in a poker player who lost 40% of his bankroll in the past month with the idea he's got nowhere to go but up? This is why most people get broke in the market. Enron went from $90 to zero in 6 months. The analysts recommended buying it all the way down until it broke below $15. fwiw

[AceHigh]

[ QUOTE ]
It has nowhere to go but up!!!

[/ QUOTE ]

Or bankrupt...remember dead cats don't bounce.

[gvibes]

[ QUOTE ]
I have decided that I will put all my money into a single highly volatile stock, and hope that either puts me in first or last (I want some sort of bragging rights).

EDIT: I bought ~240000 shares of INB, a pharamceutical company that has gone down >40% in the last month, and set a 52 week low today. It has nowhere to go but up!!!

[/ QUOTE ]

This software sucks. I put in an order for 240000 (I thought), and it only bought me 400 shares. It's already up 17% too. Probably has to do with low trading volume.

So I'm putting all my money into some other, random, crappy company.

[Dan Mezick]

gvibes,

Marketwatch says you can only buy 100% of the volume on the day you buy.