Re: Stock Contest for class
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There are only 6 people in my class but I figure the best chance of winning is picking 1 penny stock and hoping for the best, correct?
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Why in the world would you think that's a good strategy?
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Well, I figure if I pick normal stocks like everyone else, I would figure I have a 1 in 6 chance of winning.
I figure if I pick a very volatile stock, then I might have a 1 in 2 chance of winning.
Am I wrong to think this way?
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