BEAR MARKET

oldngray

nowhere special
One of you guru's needs to start a stock/investment club for the forum.
I would be happy to throw a few hundred a month towards some longshots and riskier investments.

At my old UAW job about 10 guys had a stock club and hit huge on a penny stock. I think one guy turned about $800 into almost $300k but he timed it perfectly and didn't try to chase it. If I remember correctly he was in at $.007 and out over $2.00 on most of his shares, others got greedy but still made good money. For all I know they were pump and dumpers running a scam, but it worked. I'm sure they had losses as well but at least they hit something once.

I'm not saying I want to chase penny stocks but I'm open to more risky investing if the potential return high.

Penny stocks are called that for a reason.
 
Waste of money....lol
1L5YuA6wpKkNO.gif
 

Kicked Your Dog

25 Year UPSer/SoCal Feeder
damn!!! worse than what I thought . The stock broke the 200 day moving average on the way down . Thats a key support indicator , not a very good sign . We might see a bounce a up shortly but thats a good opportunity to bail out on this pig . Long term i see this stock down under 50 per share .


View attachment 227360
Anyone taking financial advice from any of BC’s dimwits deserves a mentholatum enema.
 

Rick Ross

I'm into distribution!!
But you don't see Bezos selling any of it.

He sold earlier this year and sells on a regular basis to fund another project.
If he truly believed (which I'm sure he does), he would be buying more Amazon stock but I have no idea how much of his fortune is liquid.

I'm sure some of these companies with good profits will start buying back shares if the market continues to tank.
 
He sold earlier this year and sells on a regular basis to fund another project.
If he truly believed (which I'm sure he does), he would be buying more Amazon stock but I have no idea how much of his fortune is liquid.

I'm sure some of these companies with good profits will start buying back shares if the market continues to tank.
Especially with the Trump tax cuts. The companies have lots of cash and that's one way to make the earnings per share look better.
 
Top