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Message: Stop penny pinching.....

From my experience, when I read about a good story and want to buy the stock I always lift the offer price. When you start chasing the stock you lose profit.

For example:

bid $0.15 $0.16 offer

and you bid $0.15, it moves up a penny, you then get a

bid $0.16 $0.17 offer

you change your bid to $0.16 and it moves up a penny, you then get a

bid $0.17 $0.18 offer

you change your bid ..... do you see a pattern ? You could of bought the bloody thing for $0.16 and made $0.02 profit.

Stop penny pinching and if you like it buy it.

That's my two cents !! no pun intended.

Cheers

1
Oct 20, 2010 07:52PM
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