somewhat agree. Some of the stuff recommended here is garbage. For me anything around the $1 range is a gamble. However I have had to be more lenient on that the past 2 months, as unlike large cap stocks (AAPL, RIMM etc. which I am also very long on) the cheaper stocks don't tend to follow the overall market. I am very sure any of the general casual long term investors out there are in the red so far this year. If you are a serious investor and are out to make money you can't miss out on opportunities even in a bear market. Harder to find but they are still out there.
Quote:
Originally posted by McDick
I agreed with you about the penny stock comment.
Some of the stocks that recommends here (for example "MCEL" found in page 15 of this thread), .. it was down nearly 60% (from 0.27 to 0.16) in a week after the guy said he will hold for couple months. Good luck to him! I never looked at stocks that are valued under $15-20.
Oil/gold might have a pullback in coming week. It was due for a pullback. However, overall trend is heading up as US economy is going into a deeper hole. Investor is buying oil and gold.
Just a side note, lots of shorts are shorting oil at $100, and now shorts are covering, that's why we will see a sharp raise from $100 to $105 in a day.
I am guessing the stock market will be in a much better shape in April. I would recommend to buy "GS" and Visa IPO in the coming future.
I am currently holding:
MDR (largest position of the total investment)
FWLT
FLR
GG
MA
Looking to buy in the near future:
AAPL
GS
C
RIMM
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