Official Let's Make Some Money Off Stocks Thread
09-13-2010, 11:39 AM
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Originally Posted by GRUNTS2K,Sep 9 2010, 03:43 PM
I know the stock market is very chaotic to say the least. General Motors (MTLQQ) looks enticing but it maybe awhile before I see any returns. What do you guys think?
What you know of as General Motors is not a public company at this time. They just filed their for their IPO a few days ago, and the IPO is a few weeks out.
MTLQQ is "Motors Liquidation Company." The OTC ticker MTLQQ is a penny stock that represents the bankrupt company that holds the remaining assets and debts of the bad parts of what used to be GM.
Do not buy shares of MTLQQ! MTLQQ holders will not get any IPO shares when the "new" GM goes public. If you want to own shares of the new GM, you must either 1) be a bond holder of the "old" GM or 2) wait for the new GM IPO.
Andrew
09-14-2010, 10:31 AM
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Originally Posted by nsx_bob,Jul 15 2010, 12:55 PM
on a side note. CSIQ is my goldmine 
bought it at 9.37 on margin in june. now its at 13.07 and climbing to; my educated guess would be 18 but getting out at 15.
bought it at 9.37 on margin in june. now its at 13.07 and climbing to; my educated guess would be 18 but getting out at 15.Someone else here - I forget who, though I could uncover the name if I were ambitious enough - said that it would climb to $20 or $25 or some such by its next earnings report date. I wouldn't advocate holding one's breath.
09-14-2010, 11:53 AM
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Originally Posted by aklucsarits,Sep 13 2010, 03:39 PM
Beware: MTLQQ is NOT General Motors.
What you know of as General Motors is not a public company at this time. They just filed their for their IPO a few days ago, and the IPO is a few weeks out.
MTLQQ is "Motors Liquidation Company." The OTC ticker MTLQQ is a penny stock that represents the bankrupt company that holds the remaining assets and debts of the bad parts of what used to be GM.
Do not buy shares of MTLQQ! MTLQQ holders will not get any IPO shares when the "new" GM goes public. If you want to own shares of the new GM, you must either 1) be a bond holder of the "old" GM or 2) wait for the new GM IPO.
Andrew
What you know of as General Motors is not a public company at this time. They just filed their for their IPO a few days ago, and the IPO is a few weeks out.
MTLQQ is "Motors Liquidation Company." The OTC ticker MTLQQ is a penny stock that represents the bankrupt company that holds the remaining assets and debts of the bad parts of what used to be GM.
Do not buy shares of MTLQQ! MTLQQ holders will not get any IPO shares when the "new" GM goes public. If you want to own shares of the new GM, you must either 1) be a bond holder of the "old" GM or 2) wait for the new GM IPO.
Andrew
09-16-2010, 06:20 AM
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RIMM is a $25 Billion company with a PEG of on 0.5 with 0 debt that is still growing revenue well into the double digits. It's one of the best value buys out there in the tech space right now.
I think that, within a year, RIMM will get acquired either in a direct buyout or via merger. BTW, this may sound crazy right now, but WHEN RIMM gets acquired, I think that Oracle may be the acquirer.
Andrew
I think that, within a year, RIMM will get acquired either in a direct buyout or via merger. BTW, this may sound crazy right now, but WHEN RIMM gets acquired, I think that Oracle may be the acquirer.
Andrew
09-24-2010, 12:38 PM
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This "stealth" rally in tech has become a monster rally in tech.
I haven't bought or sold anything in many many months. (Maybe in more than a year??) But today my non retirement portfolio hit a new all-time high, blasting through the previous high set in spring of this year.
If anyone listened when I mentioned MIPS 3 weeks ago, you have had a good couple of weeks... It's up 32% in that period.
Andrew
I haven't bought or sold anything in many many months. (Maybe in more than a year??) But today my non retirement portfolio hit a new all-time high, blasting through the previous high set in spring of this year.
If anyone listened when I mentioned MIPS 3 weeks ago, you have had a good couple of weeks... It's up 32% in that period.
Andrew
