Hi guys...I am real amature in wall street and stock trading... I want to invest little bit money on trade like 2 to 3K....so anybody who can suggest which stock to buy....i am loooking for stock between $1 to 10. looking for lower ends....also if its really good i can invest couple grand on $20 max stock....so anyidea suggestion....
Also which is the best website for starter like me and which is cheaper. Cheaper the better....coz i really would not do lot of research...
If you have never traded stocks before, I suggest you go over and understand all the basics of trading.
Here are some of the hot stocks at the moment.
Citi (C):
Freddie Mac (FRE): Jumped 75 % after-hours on Friday. They finally posted a profit.
Bank Of America (BAC)
AIG
Reviews of online stock brokers for starters:
http://www.stocksnewbie.com/where-to-buy-stocks-reviews-of-best-online-stock-brokers-for-newbies/
Disclaimer: As always, I am not telling you what stocks to buy or sell. Please do your own Due Diligence.
Hi;
You need to be more aware personally about stock price rather reading Sajha blog and buying it . They may tell you these are good stock to buy and sell. But you have to do more own homework.
I bought some stock of AIG, I should have done extra work to stay in PAR. I lost almost 4300. Now it rebound but still 1500 shy to be in balance.
As the stock price was going down, you should not buy it , rather see the trend and when it stops and starts moving up. You need to read the news and any negetive or positive news will have impact on the price of share , you personally need to study it and make a rational decision.
So I will suggest get some knowledge of Stock rather than relying in Sajha. This is my personal experience.
RefugeeNP,
I bought 2000 shares of FNM today at $0.90. I am glad I did. I wanted to buy FRE, but it was moving up too fast so I was not sure what was the right price to buy. FRE went up more than 125 % and still going up.
I recommended FRE to you because it is a really "safe stock" because it is government owned - for now. Most of the shares of FNM and FRE belongs to the government that is why these stocks were trading under a dollar and also the reason why these companies would never go bankrupt. They are "too big to fail".
FRE and FNM are like two sides of a coin. If one goes up, so does the other and vice-versa.
If you are long term trader, FRE and FNM are still good choices because once the housing market returns to normal (may take 1, 2 or even 5 years) and they pay off their debt, these stocks would trade for more than $20 per share.
Also watch out for C. Another safe bet for the long run. It went below $4 today. If it goes anywhere near $3.75 - $3.50, it is a "buy".
GLTA
FNM and FRE are up to $1.75 and $2.25 respectively (about 100% gain). Congratulations if you bought the shares when I alerted about it in the previous post.
Hay PAT I know....yeah I bought some of FNM at 91cents and already sold when they were 120cents...anyway I made some money.....What abt FEED .....and SIRI
SIRI is a little tricky stock. I bought this stock when it was 7 cents and then sold it for about 20 cents. I made a some profit in it, but I haven't looked at it since then. It seems it went up to 70 cents because of the "Cash for Clunkers". Sale of XM radio and Auto Sales are directly propotional. I believe you know why. The Clunker program has ended now, so it is hard to tell what will happen now. The new news about SIRI is that they are making satellite radio compatible with iPhone. This might be something big. So watch out.
I am thinking the best strategy for SIRI would be to buy a "Call Option" for the third week of October for $1.00 strike.
I hope you know what "Options Trading" is.
If not, read here
http://www.investopedia.com/university/options/Although it is a little hard to understand, but extremely handy trading style.
If you have any questions about Options, let me know.
P.S. I didn't get a chance to look at FEED.
Hey Guys Buy SPNG the 10k is due tomorrow.
Disclaimer: Do your own DD before jumping in
Phiste, I am holding SPNG and thinking to dump it as soon as it gets 0.25
What does '10k due' means phiste? How does it benefit us?
Does it worth to buy SIRI at this moment?
Why SPNG?
2. AS reduced from 2.75 B to 900 M recently
3. They are reduving the OS from 720 M to 500 M
4. Rumor of around 1 to 2 B shorts which when cover can give some squezze to share price
5. ....
Disclaimer: Do your own DD before jumping in
I got SIRI and i am loosing little bit but not too much....so as soon as it bumbs to 1$ i will sell it.....Also I was thinking of buying SPGN but a friend of mine suggested not to....So I didn't bought that....ther then that everything is alright....
Guys list some hot stock...under $5
Thanks Phiste for the information. Lets see if they file 10K tomorrow.
Learning slowly...... I hope may be after 5 to 7 years i may use those terms with more details explained.
You may find evening class on stock trading for little monies at your local high school. As I learn from my mistake, self education is most.
I have been watching the recent spike in interest in investing, and getting very uneasy with a majority of the things being posted. I believe they will cause a lot of financial damage in the days to come with the hard earned money thats at stake. Its easy to get sucked in with the markets rebounding the way they have recently, specifically the financials.
Please, please know what you are doing, instead of following what is being posted here. Listing hot stocks or pointing out a certain 10k filing to work wonders for the valuation of a company is not credible enough a reason. There are plenty of self-help books and resources available.
******
SpongeTech(R) Delivery Systems Announces Reverse Stock Split to Move Closer to NASDAQ Listing.
Sep. 8, 2009 (Business Wire) -- SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG) today announced that its Board of Directors has unanimously approved a reverse split of SpongeTech®’s issued and outstanding capital stock at a 1-for-100 split ratio. The reverse stock split, which is expected to take effect on September 22, 2009, subject to receipt of necessary regulatory approvals, has also been approved by the holders of more than a majority of SpongeTech’s voting capital stock.
*******
Last edited: 08-Sep-09 09:58 AM
Here's a good read:
http://neif.org/Zurich_axioms.pdf
hey smag I dont think reverse split is bad thing for a growing company. There is some rumor in the market that shorts have to cover before sept 22.
i am holding until 22nd
Phiste, you're right when a growing company feels that their stock price is too low to attract big investors they go for reverse stock split.
SPNG was 0.22 couple of days ago, I should have sold them at that time. Lets hope it will be up again soon.
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