gmg went up strongly after the big recent drop, but since has been going up by around 1% per day. many would think 1% is not much to write home about. well i have done some calculations on the basis of a stock rising a constant 1% per trading day, or 5% a trading week and found how much would it go up in a year? would you be satisfied with doubling in one year? which is quite good performance, lets face it especially in these doom market days.
wait for it then, this fictitious stock would increase by 12.5 folds in one year, or if you like it 1250% in one year.
now this is some explosive performance for such an outwardly laid back stock!!
this thread specialises in high performing stock. while everyone can see and feel the performance of a stock that rises in 2 digit percentage figure sums many would fail to see the virtue of a stadily rising stock. but compounded interest would soon see to it that a stadily rising stock would accumulated huge profits through the snow balling effect.
i have extolled the virtues of such stock on numerous occassions on this thread. and one other point, and a very important one, a stock that manages a 2 figure percentage rise per day can turn around and drop by just as much. further spreads on such stock can be in two digit percentage figures too. these two important factors can see an unweary investor lock in in one third loss of capital within minutes! you won't get locked up in a steadily rising stock. such stocks are far more manageable!
