Posted by: hukka_nepali February 11, 2006
Stocks Again
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hey u_day bro, nice to see you back here talking about stocks and making money. i am really disappointed in you for not buying any Pfizer stocks. after our last stock disucssion in another thread where we talking about Merk and Pfizer, I ended up bying some PFE stocks at around $24 per share and I am glad I did. I don't think the price is still too high as it is trading for around $25+. I picked Pfizer over Merk, so hope in the long run I made the right choice. One of the hidden gem stock I have is called Biomarin Pharmaceutical: http://finance.yahoo.com/q?s=BMRN Currently priced around $11 per share and it has vertually no competitors, so this is a great great buy for long time investors. About penny stocks, I know there is a very high reward possibility but I think the risk on it outweighs the rewards. Hardly any of these penny stocks survive and sometime they are part of some kinda scams too. Having that said, I do own some penny stocks that I am keeping for long term investment. Green Energy Resource GRGR.PK priced around $.75 http://finance.yahoo.com/q?s=GRGR.pk Go and read about it and see for yourself what they are involved in. I really see this company can have a future and thats why I am disclosing this with my fellow nepalis here. Vhootee bro, you sounded a lot like me about 2 years ago but minus the age and wife hai...lol My advice first, start looking into stocks prices and patters. I use yahoo for mine http://finance.yahoo.com/ Then start looking at companies that you are familiar with and their stocks patterns. For example I will give you the link to Dell Computers http://finance.yahoo.com/q?s=DELL And after you get a bit familiar with stock prices and companies, come up with a small amount of found (I would say about $2,000). Now find the stock you want to buy and monitor it for at least 2 months, read all the news about it and see what drives the price up and what can bring the price down. Because if you invest right away, stock market will drive you nuts as one day you gain $100 next day you are down $500. So avoid that kinda shock and any kind of stupid decission you might take, i really recommending first being a stock market spectator first and then only stock investor. So, give it a shot and see how it goes for you. We'll be here for you along the way to help ya with questions :-)
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