I've always really enjoyed people that come out of nowhere and talk like they are on the Board of Directors of any given company - that they 'know it all'.
We KNOW this company is in crummy shape, we KNOW it is no Berkshire, General Electric, or Microsoft (stability and financials-wise), why in the hell else would it have been .08 a share in September ? DUH !
And how many folks would buy the stock based on if it was 'Red Adair's former company' OR NOT ? Prior ownership means NOTHING to me (Relax Scott).
Gee, Turner Broadcasting is Ted Turner's familys' former company, but I wouldn't have bought it based solely on THAT, so who cares who formerly owned it ?
95% of my money is in long-term stuff, be it Stocks, Mutual Funds, Bond Funds, but I DO like to play around with 5% of it and have SOME fun once in awhile.... and if I lose it, well, shame on me !
But do I expect to go find some 'blue chip' stock with GREAT financials and a GREAT future outlook and have it go up 125%, or in the case of WEL, 400% in a month or two ?
Nope, I don't, but I am SURE one or two posters will retort back in here that THEY do 'all the time'. More power to them.
Hence we play, and get lucky once in awhile...... |
