Although the day was thrilling, last night’s post-market reaction to a lawsuit filed against NetList brought the stock down much more than during the day.
I could see this on Google Finance, which shows the day price, and right underneath it the post-market trading price, as opposed to Yahoo Finance, which shows the post-market information below the chart.
Netlist was therefore down during the day about %7, and and additional -25% between 7-8 p.m. Tim Sykes has an extensive report about the company on his blog, coming from his newly launched PUMP research service where he describes how the litigation risk for this company was predicted two weeks ago by his team. Quite impressive.
Which brought me to do a quick comparison of three trading styles a year after I started:
- Value investing. Or in my case, just being long on certain equities as I haven’t yet done any extensive fundamental analysis. I still hedged any stock position with Gold and Silver.
- Regular investing with DRIP (Dividend Re-investment Plan)
- Penny-stocking
The penny-stocking result on just two short positions these past two weeks have contributed sufficiently to my trading account for the importance of this trading style to re-affirmed in my view. They contributed to 27% of my trading account (Value investing + Penny-stocking – DRIP), which means the rate of return is quite high indeed.
My portfolio is up 50%.
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