Seeking Alpha
  • Ocean Man
    Doubled up on SGG at 69.68. Has only dipped under 70 once in the past 2 years; 2 months later it was up 60%.
    10/26/12
    Reply (7)
    • Boatyzaffa: Ocean you are a good trader, but this one scares me -SGG average volume is only 22K very illiquid, very dangerous especially to double up on
      10/26/12
    • Ocean Man: Thanks Boaty. I rode it up over 78 a few weeks ago and took gains, a longer-term hold for me.
      10/26/12
    • Ocean Man: Or said another way, a wide bid/ask spread would scare me too on a daytrade, but not if I'm holding for a big gain over a longer period.
      10/26/12
    • Boatyzaffa: Sure, but said another way, "thinly traded stocks can be difficult to liquidate regardless of how long you hold them." They are illiquid
      10/28/12
    • Ocean Man: That's true for a hedge fund, not for a couple hundred shares.
      10/28/12
    • Boatyzaffa: Still Ocean, you have to schedule an appointment with a buyer when it's time to sell your 200 shares :) I hope they can make the appointment
      10/28/12
    • Boatyzaffa: on time
      10/28/12