chimx
15th March 2008, 19:50
I was hoping to talk stocks with some OIers in here. Despite the current recession I am debt free and have been saving up thousands of dollars. In the past I have mainly invested my money in money markets, mutual funds, etc., but I was thinking about getting into the buying and selling of high risk individual stocks. Anybody have any tips?
Right now I am thinking about three people in particular. Friday Bear Stearns Companies took a huge hit and almost went out of business. Their shares dropped by 50% and are sitting at about $30 a share. The federal gov't has helped 'em with their loans, and there is a lot of talk of JP Morgan coming in and buying them out soon. Is now a good time to buy into BSC? It's certainly a gamble, but is a good gamble?
Google is being hit significantly hard by the current recession because there revenue is primary from advertising. However, they are in talks with buying up the UHF band when TVs go digital, which will revolutionize wireless networking and will also be a significant source of revenue for them. They are talking about renting bands out to smaller companies and create a wireless network with a market similar to the dialup market in the 1990s. On top of this, they are hoping to launch their first gPhone by the end of this year. Good idea? Bad idea? At 430 a share, they are pricey, but if this UHF stuff goes through its guaranteed to make some money, right?
Lastly, AMD. They've been hit pretty hard by Intell, but they recently purchased a lot of factories in Texas for future production. I haven't heard as much on AMD unfortunately.
Anyone else have some tips? Capitalist Lawyer? hmm?
Right now I am thinking about three people in particular. Friday Bear Stearns Companies took a huge hit and almost went out of business. Their shares dropped by 50% and are sitting at about $30 a share. The federal gov't has helped 'em with their loans, and there is a lot of talk of JP Morgan coming in and buying them out soon. Is now a good time to buy into BSC? It's certainly a gamble, but is a good gamble?
Google is being hit significantly hard by the current recession because there revenue is primary from advertising. However, they are in talks with buying up the UHF band when TVs go digital, which will revolutionize wireless networking and will also be a significant source of revenue for them. They are talking about renting bands out to smaller companies and create a wireless network with a market similar to the dialup market in the 1990s. On top of this, they are hoping to launch their first gPhone by the end of this year. Good idea? Bad idea? At 430 a share, they are pricey, but if this UHF stuff goes through its guaranteed to make some money, right?
Lastly, AMD. They've been hit pretty hard by Intell, but they recently purchased a lot of factories in Texas for future production. I haven't heard as much on AMD unfortunately.
Anyone else have some tips? Capitalist Lawyer? hmm?