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[NYCSPITZ]

Originally Posted by Pharaohs Army

NYCSpitz,
I've never done a single thing in the stock market.
But months ago I kept saying any sane man should buy low with oil.
Saw a thread on it here, which I vaguely remember some of the commentary.. Now prices have gone up a bit.. I wonder what the smart money does.

Well I had a few good months sales last yr and was able to throw a lil over 10k into a stock which popped 800% from my cost basis. I could have probably received 600% or a little more (due to there always being less liquidity at the top of the run) return but I watched it fall to a 250% gain because I got greedy. Now it's back on the uptrend though so I'm getting out once it has momentum and ROC (return on capital) on my costs basis is 500%. With momentum and positive reaction to news which is end of week next week this is easily possible for me within 3 weeks. That's 50k off a 10k play. Also since I know the stock pretty well by now I would trade the dips after that and probably be able to squeeze a few more 10s of Gs out of it. I think the smart money after that would play any oil crash because last time oil dipped to 26/barrel pennies like WLL, PVAH, CHK, NOG etc. all doubled or tripled from the oil corrections 26--> 40ish. I honestly would go all in if it fell to 25 per barrel or lower levels again (on a cornucopia of stocks so that I make $$$ even if one of the companies goes bankrupt which is unlikely anyways but still) and that's an easy 100k portfolio for me but oil might not crash I think it will but we'll see. In addition I would play bottom bounces in the penny world bc odds r in ur favor. Think about it you find 10 stocks trading at .000X. Half of them fail completely, 1 doubles or triples in price, 2 stay about the same, one of them get to half a penny (.005), and one of them reaches a penny. If you put 1000 dollars into every stock, that's about 20 thousand dollars. In my case I got in at .0009 and it reached a high of .0184. Now it's at .005ish but it's ready to move up. I would then begin looking into options dough.com and tastytrade.com have great videos u can learn from. Would be very surprised if I didn't break into 6 figure territory this year off just a 10k initial investment. The options spreads seem heavy when you first look into it but like with anything else watch the vids a lot it becomes easy. There are various spreads like butterfly, iron condor etc. where if you know a few blue chip stocks well (APPL), or more complex ETF plays linked closely to commodities or whatever, you can guess price movements into the future and bank BIG as long as you have a margin account. I will still come talk to you niggas when I have platinum laced zeppelins floating over Italy with with wifi, pools and hoes on the top.