Is this a bad plan?

[topicolo]

Re: Re: Re: Investing

Originally posted by Vector


I have been mostly investing in tech. I began with some safe stocks Southern Company (SO) and Energen (EGN) to help balance out tehc declines. I bought 50 shares of Doubleclick at around 28 it split twice, once after it got to about 200 and then again when it reached 300. So i had 200 shares and it stayed around 100 for a while. I sold half and kept half making around 10,000 in the sale. Then tech started going down i sold a little more. I also made some off of Corning (GLW) when it was aroung 300 but it has gone way down since then. I have stock in about 15 companies currently. Recently I have made a few thousand on Smith & Wesson Holdings Corp. (SMWS.ob) i bought a few thousand shares below a dollar and it has since gone to 3 and back down a little. The reason I bought it is that they used to be known a Safety Hammer and then bought the rights to Smith & Wesson Arms. After this news came out nothing happened but a few months ago they changed their name to Smmith and Wesson Holdings Corp. and went up 200% and I sold half. If you want me to elaborate further just ask.

I also opened a Roth IRA when I was 14.

not bad! you have a very disciplined selling strategy. Not many people can say they made a lot of money on that tech crash, but I guess you got your profits out early . I'm doing the value investing thing right now and it's a lot of work to read through all of those annual reports. So far, I've made a lot of cash on IMAX, which I bought in at $0.90 and sold at $6. It was one hell of a profit . I'm also sitting comfortably on my office depot stock and on palm, which I got at $0.70. I just regret not getting apple when they were at $14.34 but I guess there'll always be another chance.