I'm scraping up a Little money now and then to invest in the stock market while everything is Dirt Cheap.I've Already bought 88 Shares of Freddie Mac and have lost some but what the Hell If you don't have Anything what can you lose.I found a Super Cheap Stock for .13 a Share.It's Keryx Biopharmaceuticals.52 Week High was $10.80.
What do you all think? Should I buy $50 Worth?
Or am I just Crazy
Can't lose it if you don't have it invested. If you want to try and play for a little bit, do just that but use your money like a casino with no expectation for returns right now cause you could lose your ass if you attempt to get rich off of it.
Quote from: Jughead on October 25, 2008, 06:29:58 AM
I'm scraping up a Little money now and then to invest in the stock market while everything is Dirt Cheap.I've Already bought 88 Shares of Freddie Mac and have lost some but what the Hell If you don't have Anything what can you lose.I found a Super Cheap Stock for .13 a Share.It's Keryx Biopharmaceuticals.52 Week High was $10.80.
What do you all think? Should I buy $50 Worth?
Or am I just Crazy
i'd blow the $50 on an afternoon ride and a bbq plate. it's much more consistant, and I'll know I'm not tossing super-rich shareholders any money in the process ;)
I think tech can drop a little, biotech can drop very little ... financials are capable of dropping a lot ...
So I'd hedge my bets by buying tech and biotech and pharma and shorting financials ...
However the 5 billion Lehmann CDS almost implies that the tires on this vehicle are equipped with a cable thether ... they can come off, but wont fall off and roll away ... manual intervention can get this back on the road ...
Watch for counterparty risks in the 100's of billions before calling financials as dead. They are on life support ... but still kicking as long as 5 billion is the worst. Short it now, and you see even 1 in the 100's of billions ... and you're going to net 10X your investment ... easy.
Cool.
Buddha.
ive bought into a stock/realestate/commodities firm recently. so far am making a tidy sum. ( VERY tidy :oops: but im in it for the long haul)
Biotech is a safe bet right now in my eyes. Either Presidential candidate is going to be open to expanding medical horizons, whether grudgingly or not.
Quote from: yamahonkawazuki on October 25, 2008, 07:57:18 PM
ive bought into a stock/realestate/commodities firm recently. so far am making a tidy sum. ( VERY tidy :oops: but im in it for the long haul)
Yea government contracts for construction are another big one right now.
Biotech, tech in general, and alternate fuels as well as regular energy companies are likely to make out like bandits in the next few years.
Cool.
Buddha.