arent all the companies that you name were BAILED OUT !

how can you be so sure that its right time to buy.., these were the companies which CRASHED and people lost MILLIONS overnight.
As Warren Buffet says NEVER INVEST IN ANYTHING WHICH YOU DONT HAVE ANY IDEA.

So, think very carefully before you buy crashes !

I know they were bailed out that doesn’t mean they were in liquidation like the Circuit City. Citi already has 2 billions in profit in first 2 montsh  and Wells Fargo has 3 billions in profit, first 3 months. What this shows is financial market is getting rebound.

 Look at the month ago history City’s share were 0.97 cents and it’s around $4 and I bet it’s gonna go up again. If you had invested 1000$ a month ago, it would have been 5000$ buy now.

Citi is too big to fail so does AIG nobody can afford it . It’s a gamble (mostly on your side) if you lose, you lose 1000$ but if you win 50,000$. Citi’s share was around 50$ less than 2 years ago.

dikush--Perhaps you are right...but why all these stocks are in single digit which were trading in double digit a year ago?

 It looks like these stocks are at bargain price but how about their fundamentals..Could you please explain a little bit why these stocks will bounce back?

Your inputs are really appreciated.

Thanks

 

Dikush, ever heard of a Bear Market Rally?  Or have you ever wondered that as per the Elliot Wave Theory we still have yet to see another drop in the markets??  Damn, Looks like we have a gambler in the house.  Trading is all about taking an educated guess and using the laws of probability along with the necessary fundamental/technical tools to gain an upperhand on the market...Whereas with gambling, it'd be more of a 50-50 shot ignoring all the above.  LOLs  Hey dude, rather than just watching price action, I sugest you try approaching all of today's financial derivatives (includes equities and the Corps mentioned in your post above) with a fair value viewpoint and understand there are still major gaps within the system that need to be addressed beofre we can see any sort of an improvement in any equity sector.  I'd advise you to stay on hold with all your decisions to buy as the market could end up turning on a dime and leave you without the shirt on your back. 

My point here (ignoring all the ramblings above): Wait for one more major sell-off before you do decide to enter and start your gluttony on those cheap-azz dead-beat corps you mentioned above. 

 

Samsara, you seem very book-smart guy, go ahead and implement all theories in your life but I believe it is a common sense.

Stock market is a pretty much a gambling. Right now, stock market is in record low. I don’t know when I gonna see this less than 8000 Dow Jones. That means you can buy world largest banks and financial institution’s stocks in pennies. I don't suggest buy stock from bankrupt comapanies.

If you put little money on it, its not gonna hurt, it may turn out to big money 1-2 years later.

First time a bought some stocks and made more than 2000$ last month. How simple is that....Huh?? 

guys

I bought 500 Fannie Mae stock at 60 cents now it's 88 cents. Need to push it up. It was almost 70$ per share in 2007. Does anybody know any stock used to be around $50 per shaere 2-3 years ago and now around $1 or less?

Sam,
Good to see your comment here. Are you trading these days or waiting until the volatility is over?

Guys, the bear rally is not going to last. If you don't believe me, then look at the diminishing volume.
Just coz SPY gained 20% in a month, you think the worse is over? Hell no. Analysts predict one more bottom and the rebound around the end of summer.
And dikush, you just got lucky with Citi, as did I when I bought it at 1 bucks. But I sold it when it hit 3.80.
But now I am not going to touch any financials until the Q1 reports are all done.  The market is very volatile and for short term traders, if you are going to make speculation, you have to be very careful.

Another bottom sounds like a self-fulfilling prophecy. However, the short-term decline seems inevitable since earnings reports season has just kicked in and reports are expected to be dismal.
Soros mentioned just last week I believe that the bottom occurred in Feb/Mar itself.

I have a brokerage account in one of smalltime trading entities like etrade/ stocktrade.

 For each trade they charge certain fees and moreover I need to transfer money from my bank to these accounts which take days.  I tried to open an investment account in BOA, which allows me 30 free trades (if I do that in etrade it is = 30*12 = $360). But the catch is: if you are not a citizen, then you cannot open an account online and need to call certain number. I was thinking citizen option click gardim ki bhanera. Tax ta resident nai file garchu, so would it make a difference? Kunai impact huncha hola if I just open an account online yesai citizen bhanera(not to go thru the hassle)?

 Your take guys?

good point,,but still be careful..

Hey Dikush

Your lucky u made some money..good for u.....in the begining this is what happen....its bear market rally ..its a bear trap..everyone get out after friday...economy is bad.....u ll get killed....wait for dow to go back 5500.....when it was 7500 everyone thought its record low...and then it went to 6500 now everyone callin it bottom....but we still need to see commercial real estate collapse, credit card problem and lot more....stay out of it

People, I am new in this area...  I want to learn how this investment is done for future. I am really confused with these online stock brokers. Which one would be better for a beginner with couple of thousand $$.
Thank you for help guys.

BEAR MARKET RALLY, THIS RALLY MAY LAST UNTIL AUGUST/SEPTEMBER 2009.

wait for THE BIGGEST CRASH WE ALL WILL PROBABLY SEE IN OUR LIFE TIME... SEE THE DOW AND S&P TO UN-IMAGINABLE LEVELS... .  

MY TARGET SHOWS THAT DOW COULD GO AS LOW AS 3000 and S&P TO 300.

ACCORDING TO ELIOTS WAVE THEORY WE ARE YET TO SEE THE BIGGEST DROP IN EQUITIES YET AND WE ARE ALSO DUE FOR THE BIGGEST DEVALUATION OF US DOLLAR ALSO.

LONG TERM BULL MARKET FOR GOLD IS ALSO UP AND LOOKING GOOD. SHORT TERM PULL BACK DUE TO SHORT TERM FUNDAMENTALS.

 

NOW GO BACK TO YOUR TRADING A/C AND LETS MAKE SOME $$$$$$$$

 

 

US DOLLAR IS FORMING A MASSIVE HEAD & SHOULDER PATTERN WHICH SHOULD TANK THE DOLLAR. WE ARE CURRENTLY FORMING THE RIGHT SHOULDER ON THE DOLLAR INDEX.

IF THE DOLLAR HEAD N SHOULDERS PATTERN FOLDS OUT AS PREDICTED THIS SHOULD TAKE BENEFIT US EQUITIES AND SOME COMMODITIES NICELY. THIS COULD BE A MULTI-MONTH/YEAR DEVALUATION.

 

पैसा न सैसा तिकी त्यस त्यस।।। पैसा भये त j गर्न पनि राम्रो बेल्ला हो नि त्यो कूरा पनि तिमी हरू ले भन्नु पर्छ र

Inpeace, I got your point. I am not saying invest 10,000s dollars in the market, just spend 500-1000$ and leave it for a year or so. It's already less than a dollar, how low do you think it will go?

This might be a bear market rally right now, but my point is Fannie Mae, AIG and other big financial companies have gotten billions of tax payers dollars to re-structure their company. Now some of them are already making profits.

Do you really think US govt. let it die after injecting billions of dollars? These companies's stocks were over 50$ a year ago, some of them even had 70$ per share. If you buy 1000 shares of FNM at 90 cent, which is 900$ and leave it period of time, even if it get 25% of value back in a  year or so that will be more than 20,000.

diKush,

Citigroup's stock is trading at over $3.50 right now. I bought 1000 shares at 96 cents (30-40 days ago ). Wish I'd bought 10000 shares!

Can some of you Einstein's great grandchildren give this guy a fkn break for fks sake? He's giving a genuine idea. What the hell will you lose by buying stocks worth less than a buck? Just buy 3-4 hundred dollars worth of shares.

Ok guys....seems like its right time to invest.....Can anybody help me with website which is best to invest....like etade or scotetrade or whatever you know......Suggest me which u are using and tell me what are the benifits of using it....Also I want to intest like 1000 to 2000 may be 5000 if its real good time....so help me guys.....and suggest me some share company...

Guys,
How can a F1 student invest? What website? How to buy? How to sell?