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re: Medium risk/high reward cheap stock needed
Posted on 8/15/22 at 9:31 pm to Sgt Tuffnuts
Posted on 8/15/22 at 9:31 pm to Sgt Tuffnuts
Most people would prefer owning a million shares of a company worth $1/share rather than one share worth $1M/share. If it is only $1/share, then you can dream how rich you will be if it only gets to $100/share even if that implies the company would be worth $50T.
Posted on 8/16/22 at 6:41 am to DumpsterFire
quote:
Most people would prefer owning a million shares of a company worth $1/share rather than one share worth $1M/share. If it is only $1/share, then you can dream how rich you will be if it only gets to $100/share even if that implies the company would be worth $50T.
Also, if it doubles you can sell half your shares, recoup your initial investnent, and let the rest ride.
That ignores taxes and partial shares but it perfectly describes most people's psychology.
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