Post by
taxdemicco on Dec 09, 2010 12:13am
Price Target of LFD
Hello Everyone,
I purchased LFD at 20 cents, then a more aggressive amount at 23 cents. I am sincerely contemplating adding another 500,000 shares to my position. My target is to hopefully hold 1 million shares.
I will tell you that I have accumulated material wealth by loading up on stocks with oncoming material events.
I set myself a target and usually will hold a position for about 1 year before evaluating if I should renew for another year.
I never mislead anyone by recommending a buy while I sell. This is unethical. If I sell, I will tell you. I am not selling.
I do not trade around my position since this is a waste of time and, my positions are just too big.
It is extremely difficult to build a 1 million share position. Have you ever tried it? If I were to unload and reload, all of the volume would belong to me.
I traded in some stocks that were so illiquid that when I dumped at market the stock price would plunge. I am trying my best to invest only in liquid stocks.
For those whom are good at math, a 1 million share position costs $ 320,000, which if the stock rallys to my $ 1.50 target gives $ 1.5 million. With that type of return in 1 year, why would anyone bother trading around the shares.
Learn to do the same and, become wealthy.
PS: I remember there was one person whom invested $ 500,000 in shares of a car parts dealer, where shares traded at $ 1. The shares ran to $ 5, he was sitting on $ 2.5 million.
PS: I had almost bought 100,000 shares of Ford when they were at $ 1.5 per share, I am upset that I did miss the boat on that one, would have given me $ 1.7 million in one year.
Never again will I listen to bad advice of trade around the stock, diversify and, buy in small lots. Wealth is small is LOADING UP, STAYING CONCENTRATED ON FEW STOCKS AND HOLDING STOCK FOR MATERIAL EVENT.
Just my honest opinion of course.
Comment by
Nick777 on Dec 09, 2010 8:04am
You invest alot of money in small stock. This is a hi risk don't you think?? A lot of think that you dont have control. Oil price, politic...I hope that you don't put all your money only in 1 penny stock!! I have near 10 stock in my portefolio to reduce the riskGood luck my friend
Comment by
Baxter4 on Dec 09, 2010 10:47am
Your lame argument of only a 10% chance of commercial success holds even less water for LFD than it does for Vast. They know there is oil here as it has already been found way back in 1936. And that old well tested at commercial rates. maybe you just forgot to add the last zero to your percentage.