Quote:
Originally Posted by GregWeld
I bought 500 shares of Twitter (TWTR) today....
So here's why I post this info. Just because someone else does doesn't mean you should. I can afford to take a very small position in a name like this. Think about the relative size of what 500 shares of a name is for me - when a typical position is 10,000 or 20,000 or 50,000 shares. If you're just building up your retirement account build a nice big base FIRST, then once you have $100K plus earning some dividends... Now you could "afford" to take on a risk like this. And you keep that risk really small in relation to your overall financial health!
Tiptoe first! I expect this name to be cut in half at some point and if it gets hit like that I'll buy another 500 and then that's it. Not another single share. If it doubles I'll take out my investment and let the house money ride. Period. It's gambling. But for me it's like gambling one dollar and then walking away. Don't get caught up in trying to make the big score.
|
Thinking about a similar move on GOGO, they are setting up all the in-flight wi-fi, texting, electronic device usage. Something like 8 or 9 of the 10 biggest airlines are using them. Of course, no earnings yet, putting it all back in the business but I would think it's only a matter of time before you can get full internet on a plane ride and these guys seem like the ones that will bring it to you. Sounds like worth risking a SMALL portion of what I have on.