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FriendlyHammer View Drop Down
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Joined: 08/July/2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FriendlyHammer Quote  Post ReplyReply Direct Link To This Post Posted: 16/June/2009 at 7:07pm
Originally posted by nightrider nightrider wrote:

Friendly.....I would like to try my hand at stocks.....but some of the stocks you recommend the buy in price is so high that even if it goes up 10 bucks a share I don't think it's worth the risk
 
How about penny stocks..........any good..............know any that might be a winner
 
                                        Nightrider

I don't care about the price - just the percentages.  If you spent $1000 on a $200 per share stock, and you spent $1000 on a $1 per share stock, and they both went up 6%, you would have made the same on both stocks.

However, I think HBAN is a pretty decent cheap stock if you are willing to wait 6 months or more.  Let the price fall a little if you want a better price, however,  because it was getting some hype last week.

The easy money is now out of the market, so patience is requred.

Also, I'm not really interested in talking about stocks. My only intention is to demonstrate to people that Kenny's hype is a road to sorrow. The real money is made by the changes from bad times to good. We need more bad times so that we can retire early.

Anyone who has invested in gold over the long term is a sad investor. In fact, Kenny was hyping gold at $900 and saying it would go to $1,000 or 1,100.  That's a puny 10%+ move, and we were supposed to get excited about that?????  

Let's face it, gold is hyped.  If you bought gold at its peak in 1980 and held on to it in the hopes that you would one day sell it for what you paid for it, you will still be holding onto it today, because gold has not reached the price it was since then.  In addition, you have lost half the value in real dollars because of inflation.  In other words, the gold you bought to protect you from inflation has lost half its value DUE TO INFLATION!!!!!  Gold at $1,000 today is the same $500 gold of 1980!!!!

Once again, I am not here to brag about myself, like Kenny is.  I am not here to talk about my self and impress you.  I am here to tell YOU that YOU can do better, and I hope I have helped YOU to help YOURSELF. Do not drink Kenny's koolaid.



Edited by FriendlyHammer - 16/June/2009 at 8:26pm
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Superglide Ken View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Superglide Ken Quote  Post ReplyReply Direct Link To This Post Posted: 17/June/2009 at 12:37am
Do not drink Kenny's koolaid.


Unless you you want to be rich and protect your assets.
Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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