Posted by: sidster December 18, 2009
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There is a difference between investing (blue Chips) and gambling (speculative, C, FRE, FNM,AIG) Investing stocks have low risks and low loss or gains. Speculative stocks have high risk thus high rate or return or loss.
Its up to an individual on how he wants to invest. I use both strategy.
I bought 100 options of strike 5.00, year 2012 of citi options yesterday. Total cost of around 5200.00. If citi hits 15.50 by 2012 i make $100,000 if city goes BK i loose $5200.00
Key thing to do is to invest only with the amount that you can afford to loose.
Sid
Its up to an individual on how he wants to invest. I use both strategy.
I bought 100 options of strike 5.00, year 2012 of citi options yesterday. Total cost of around 5200.00. If citi hits 15.50 by 2012 i make $100,000 if city goes BK i loose $5200.00
Key thing to do is to invest only with the amount that you can afford to loose.
Sid