penny stocks 2009
What is happening to Dow Jones as of Jan 20, 2009, inauguration day?
I was among million of fools who believe the stock market will booze up while the inauguration is coming closer, it actually went the opposite direction, all my stocks flopped and I don’t see the bottom of it. I already used my last penny for Citi when it was $4.15 per share, today it went down to $2.80–history low. My other stocks are all slashed 50% or more.
Am I as greedy? I hope I’m not, I thought it was the time to buy when everything is low. What should I do now?
Please don’t tease me, only helpful and logical advices are needed, I’m seeking for real help.
Million thanks.
You are speculating, not investing. Investing is for the long term and how the majority make their money.
You are taking risks based on your perception of market psychology. That is very hard to do. If you have lost 50% recently you are buying very VERY high risk stocks and lost.
Yes, it is greedy to take big risk to try for big gains. Live by the sword, die by the sword.
You are not buying solid stocks for the long term, thus your losses.
Some stocks are low because they are bad stocks. Buying just because they are low is not a good reason. You need to have a reason why you think they should go up.
You must be willing to take big losses if shooting for big gains.
You are just guessing me thinks. But good luck anyway.
Daily Penny Stock Alerts (www.hypergrowthstock.com) Friday 31st-July-2009
