Varchild2008's $6000+ Profit...You can do this Newbs!
How does one make NEWBY mistakes and still manage to profit BIG?
Put a large chunk of your investment cash into at least 3 stocks you believe in LONG TERM.
Make newby Trade in out of Stocks mistakes with a very small portion of your money.
My base..will never touch stocks are the following:
DPS has given me so far a $6,000+ profit.... I am just buying and holding..steadily....
NO... My profit is in the TENS of THOUSANDS overall....I am just saying that out of that about $6 Grand is due to DPS alone.
GAME is going to be just as big for me I just feel it in my mind.... This just only needs to outperform the S&P 500 going forward. That's all it has to do... Doesn't have to beat it by %1,000.
I am thrilled anytime I get a beat (PERIOD). Sure..I'll get excited over a SUPER BEAT any day.
But...GAME just needs to beat by 1% for me and I am happy. Does better? Cupcake!
So today... I place GAME as #5 base stock. My don't touch just buy and hold stock #5.
What is so special about GAME that has me so excited?
1) SPIN-OFF? check.
2) CASH FLOW? huge! check.
3) Management? superb historical track record! check.
4) Growth Potential? 43% revenue beat year over year 1st 6 months? wow! check.
5) Debt? What debt????? Scottrade shows nothing! check.
Granted...GAME is not a traditional Spin-off.....but....it's a spin-off...
I will spin me good $$ off spin-offs I can believe in that engage in businesses that I understand and know.
I can't invest my money in every single Spin-off....nor would I want to....But, give me a Spin-off in the Video Games Sector with PURE CHINA exposure? ?????? You may as well mail me a $1 Million check just to save me the waiting line!