Gotta risk something to get something. And c'mon, at $0.08/share, how much of a risk is it really? A loss of $80 for 1000 shares is a perfectly acceptable risk for the possibility of making a few hundred or more.
The only problem is the $10 trade to buy the stocks and the $10 to sell later on is $20, or 25% of your initial investment. So if you are going to buy some mesa stock, buy a bunch
I bought $1000 of Sirius XM Radio back in January at $0.11, so about 9000 shares.It closed at $0.165 today, so about $500 profit in a few weeks.
The only problem is the $10 trade to buy the stocks and the $10 to sell later on is $20, or 25% of your initial investment. So if you are going to buy some mesa stock, buy a bunch
I bought $1000 of Sirius XM Radio back in January at $0.11, so about 9000 shares.It closed at $0.165 today, so about $500 profit in a few weeks.
Point is, buy a bunch if you are going to buy it.
Agreed. Though, while I'm just fine with risking $80 for 1000 shares, I'm not stupid enough to risk $800 for 10,000. It is Mesa afterall.
If I were to purchase Mesa stock, I'd personally wait till the lawsuit is over with Daddy D. Then again you only have until the 10th. Big risks produce big rewards, however this one is to volatile for me.
"The issuance of the Common Stock and 2012 Notes, which is expected to close on or around February 10, 2009, is exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 3(a)(9) and Section 4(2) thereof."
Why waste even $0.08 a share trying to get rich, you might as well drop a couple bucks on the lottery, at least that way the odds are only like 1 in 147,000,000. That sounds alot safer to me.
Why waste even $0.08 a share trying to get rich, you might as well drop a couple bucks on the lottery, at least that way the odds are only like 1 in 147,000,000. That sounds alot safer to me.
If you're so sure it'll go down, go ahead and put your money where your mouth is and go short on 10,000 shares.
Penny stocks are traditionally a very poor investment vehicle. Think about it: there is a reason the stock is at $0.08 a share. If the stock were worth anything it would have been bought by value investors and the price would go up. The reason its so low is because nobody is willing to touch the stock. It could be worth nothing in a few weeks.
Its the gamblers fallacy that makes people think it "must go up". It can go down and it can go away.
I'm not saying that people shouldn't take risks, just realize it isn't a sure thing. Don't risk money you depend on and can't afford to lose. Don't expect to make tons of money. If you do profit, be pleasantly surprised. Buy and hold would be the best strategy - a long term investment.
When AMR was trading at $4 a share I almost bought 2,000 shares. I wish I would have because within 2 weeks it was trading about $12 a share and I would've made a good lot of money. But a penny stock is a big difference. There is a reason for the price...the market has factored in all the relevant information into the value.
But it is a good opportunity to give investing a try if you have the money to lose.
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Gotta risk something to get something. And c'mon, at $0.08/share, how much of a risk is it really? A loss of $80 for 1000 shares is a perfectly acceptable risk for the possibility of making a few hundred or more.
JO has more lives than a New Orleans alley cat.... it's high was around 6 bucks.... sounds to me like it's worth throwing some money at it for a few thousand shares.
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