Posted by: wheel August 20, 2009
Penny stock CALPW -Research before you buy
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When you buy stocks, you anticipate the stock to go higher based on your research, but noone can tell when the stock will go higher, but you anticipate within short period of time, and that short period of time depends on each individual.  A person can only take a day, and complain my stock did not go up, for another person could be a week, for another a month, for another a year and so on so.  I anticipated Citigroup stock would go higher a few months ago, and it did go higher after a few months, and yesterday I booked the profit.  Today is it still trading over $4.34. 


Short tempered trader be careful and be patient, eventually stocks will pay off.  And don't buy a stock if some expert told you to buy it; do your own research first.  But, if you take their advice it could pay off, and this is just one example.  On the other hand stock could fall lower, and stay there for a long time, and the company may go bankrupt.  So, if you take an expert's recommendation, don't blame the expert if the stock does not go your way in the amount of time you wanted, blame yourself because you took the advice without doing your research. 


Cheers

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