Who said LTBH doesn't work? (INHX and FNSR had big up day today...)
INHX finished the day up 20%, FNSR up 15%.
I find that kinda funny as I had mentioned both of them in one of my blog comments almost exactly a year ago (comment# 15 in this post here):
On September 17, 2009 at 3:36 PM, dragonLZ (99.30)
#28) On September 05, 2009 at 4:30 PM, dragonLZ (98.96) wrote:
Forgot to mention some of my penny stocks.
FNSR is my first one. First buy (small position) at $.31 (now $.94). Have 522 shares at this time. Hope to see it at $3 in 9-12 months, but because of the merger with Optium in 2008, who knows what the upside is (how about $12 in 3 years or so). Disclaimer: Always an optimist...
#60) On September 12, 2009 at 11:02 AM, dragonLZ (98.96) wrote:
p.s. I like what happened with INHX yesterday. It was down more than 20% in the morning, then slowly climbed back to finish the day one cent up from its closing price the day before (one cent below 52W high). It looks like there are people believing in this stock. Will definitly buy another 200 shares or so next week.
Almost the same thing happened with FNSR. It was down 20% in the morning, but it ended the day at the day's high, only 3 cents down from the Thursday's closing price. Even though I don't like to see something like that on a chart, I think there are people backing up this stock too...
So who says Buy-and-Hold doesn't work anymore?
A year ago, on 9/3/09, INHX's price was $.58, today it's $1.99. That's 243% gain in 12 months.
FNSR's price was $6.88 (split-adjusted), today $15.58%. That's 126% return in 12 months.
Not too bad, don't you think? Especially, if you take into account that S&P 500's return during the same 12 months is "only" 10%.
I don't know about you, but I think LTBH works. You just need to know which stocks to buy, when to buy them, and when to sell them. Sound easy, doesn't it? I think I have the first one down, just need to improve on the other two... :)
Good Luck Everybody!