Official Let's Make Some Money Off Stocks Thread
07-14-2008, 06:29 AM
#342
Alcoa was upgraded today by Goldman with a higher price target of $50 on raised aluminum price forecasts.
http://www.reuters.com/article/marketsNews...20080714?rpc=44
The market not rallying on the FRE and FNM news shows the market is not healthy.
http://www.reuters.com/article/marketsNews...20080714?rpc=44
The market not rallying on the FRE and FNM news shows the market is not healthy.
. This type of sales you only get once in a very long time. I think everyone should look longterm and not 3-6 months.
07-14-2008, 06:47 AM
#344
I think you can buy GM, BAC, C, F, and UAUA today if you are willing to not look at your account for about a year. After a year you have a very good chance of earning over 100% on a couple positions. These companies are too big to fail and will be bailed out. GM should be bankrupt but it is part of the American identity and will not be allowed to fail.
The reward/risk payoff at this level is far more to the upside than the down.
The reward/risk payoff at this level is far more to the upside than the down.
07-14-2008, 06:53 AM
#348
Administrator
Thread Starter
Originally Posted by AZDavid,Jul 14 2008, 10:47 AM
I think you can buy GM, BAC, C, F, and UAUA today if you are willing to not look at your account for about a year. After a year you have a very good chance of earning over 100% on a couple positions. These companies are too big to fail and will be bailed out. GM should be bankrupt but it is part of the American identity and will not be allowed to fail.
The reward/risk payoff at this level is far more to the upside than the down.
The reward/risk payoff at this level is far more to the upside than the down.
It's happy days for your retirement accounts.
07-14-2008, 06:53 AM
#349
Registered User
Join Date: Nov 2005
Posts: 1,857
Likes: 0
Received 0 Likes
on
0 Posts
I'm doing a lot of buying and I'm down to 15% cash in my portfolio. I'm going to pick up some C and some GM to gamble with hehehe. If GM fails oh well it's just a small position.
07-14-2008, 06:55 AM
#350
Administrator
Thread Starter
Originally Posted by AZDavid,Jul 14 2008, 10:49 AM
Like the company but not at this level. Good buy on a strong capitulation day. 