By Cody Willard, MarketWatch
It sure is easy to make money trading stocks these days, huh? People are chasing hundreds of penny stocks that are up 1,000% over the last couple months. Tech stocks, especially the ones we’ve been long for a while, are on fire too. It seems like we have at least a handful of stocks up 5%-15% — every day.
Tesla /zigman2/quotes/203558040/composite TSLA -2.48% is up 500% from where we made it our largest position last year, giving us a 333% annualized gain since then. That might seem pretty good. But DocuSign /zigman2/quotes/205992027/composite DOCU -5.06% is up almost 200% since we added it to our portfolio on March 12 for a 1,828% annualized gain. Zoom Video Communications /zigman2/quotes/211319643/composite ZM -3.55% has zoomed 150% from where we bought it at that same time for a 1,411% gain. And how about Dynavax Technologies /zigman2/quotes/203017054/composite DVAX -11.79% , which has more than doubled since we bought it two months ago — if the stock will simply keep moving at the same pace we’ll be up 6,267% after holding it a year.