Xbone Stormsurgezz
Time to BUY!
Bank of America looks nice if you have the cash on you. Since they're probably going to be one of the few survivors and are bound to rebound.
I've been following BAC since it was at about $20. I was thinking of buying when it hit around $8, then again at about $4. I think I will give it another few weeks to stabilize, probably around $3-$4.Kmarion wrote:
http://i42.tinypic.com/2lt4knc.jpg
Longtime Safe Investments Are Now Akin To Penny Stocks
I'm buying.
I wouldn't buy yet... Some of these banks might not make it... especially the ones that are partially owned by the govt...
Love is the answer
The problem is you are in line behind the taxpayer "if" they return to profitability. Of course that is a good thing if you are looking at it from a (non investing) citizens point of view.
Xbone Stormsurgezz
when BAC can go a quarter without needing TARP I'll be impressed, until then, it can only go lower. WFC is another potential bargain.
Last edited by Reciprocity (2009-03-05 22:48:55)
Tomorrow is going to be very interesting. More so than usual.
Xbone Stormsurgezz
I'd say of those four, GM is the only one I'd stay away from right now...at least until their bankruptcy way ahead gets settled.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
Yeah, if I knew how, I'd buy sum shares in Citigroup, not GM though, no way
Bad as I hate to say it ( NOT for GM's sake) I truly dont think that GM is long for this world.Mekstizzle wrote:
Yeah, if I knew how, I'd buy sum shares in Citigroup, not GM though, no way
GM stock atm is like poison, wrapped up in a cookie...tempting, but you better not.
Heh, my Dad still has stock options in GE for $40 a share. Glad he decided to make some considerably more sensible investments.
You mean as in an epic crash, possibly 1000 point plunge?Kmarion wrote:
Tomorrow is going to be very interesting. More so than usual.
I agree. Jobs reports come out. It will not be pretty.
There is no wisdom in buying bank stock if said banks will get nationalized.Mekstizzle wrote:
Yeah, if I knew how, I'd buy sum shares in Citigroup, not GM though, no way
haha...fuck em.
one of my main stocks
First Solar, Inc. (FSLR)
109.79
one of my main stocks
First Solar, Inc. (FSLR)
109.79
HEHE.. I sold my Bank of America at $60 a share (a few years ago). I might see if I can get some perferred stocks here.
I stood in line for four hours. They better give me a Wal-Mart gift card, or something. - Rodney Booker, Job Fair attendee.
Why is it that people seem to have this.......thing, where it's like it's a necessity to invest in the markets. Look, you play the game and if you win good luck but don't fucking bitch when you lose. The stock markets are overtalked about only cos there's too many dicks looking for a quick buck
I'm putting all my money in lottery tickets. Seems safer than GM.
That's not completely true. A lot of people have pensions and other retirement investments. Many of these get pooled into mutual funds which take hits when the stock market goes down. People are losing their retirements, their savings, etc. When Enron collapsed a few years ago a lot of California government workers and teachers lost a significant amount of their retirements because they were partially invested in Enron. I've personally taken around a $2K hit on mine and am not putting any more money into it right now.Mekstizzle wrote:
Why is it that people seem to have this.......thing, where it's like it's a necessity to invest in the markets. Look, you play the game and if you win good luck but don't fucking bitch when you lose. The stock markets are overtalked about only cos there's too many dicks looking for a quick buck
Yes that was my train of thought. Not nearly as bad as predicted.. thank goodness.ATG wrote:
You mean as in an epic crash, possibly 1000 point plunge?Kmarion wrote:
Tomorrow is going to be very interesting. More so than usual.
I agree. Jobs reports come out. It will not be pretty.
.
Still, unbelievably high.
Xbone Stormsurgezz
I wouldn't buy any GM, but since they're so low now I'd probably buy a couple of shares in BofA.
No kidding..GravyDan wrote:
I'm putting all my money in lottery tickets. Seems safer than GM.
I'd go into GE tbh. I think they've got potential with the whole "green movement", if it ever does truly take hold.
Yes, everyone buy GE. That'll mean that I have more money to live on next year. I support Jesus and all deity's of that nature. I also believe that everyone should support themselves, but buying stock is a good way to do that. Serious buy GE.Poseidon wrote:
I'd go into GE tbh. I think they've got potential with the whole "green movement", if it ever does truly take hold.
I had a dream last night that the DOW was at 2500 and dropping daily.
Warren Buffet invested $3 billion in GE, so it's very smart investment in the long run.