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Shane E. Drozdowski
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I started getting into the stock market at the young age of 13. I have been determined ever since then to learn how to make money in the stock market. By the end of high school I was known has the stock market “kid.” For my graduating class my teachers created a new award for one student to... More
My company:
Shane Edmund Group LLC
My blog:
Stock market investment research by Shane Edmund Group LLC
  • Three Profitable Stocks Trading For Less Than $2 Per Share (ABK, CNXT, RAS) 0 comments
    Oct 23, 2010 4:12 PM | about stocks: AMBC, BAC, RAS, CNXT-RETIRED
    Overview of Three Profitable Stocks Trading For Less Than $2/Share

    Although share price is not a direct indicator of value, share price does matter. If you are looking to use options in conjunction with your position, you generally need to own at least 100 shares of the stock to be able to sell anything, like a covered call, against your shares.

    When you have capital as a limitation, than anyone without enough capital to buy 100 shares of a stock cannot mitigate risk through such stated techniques. With stocks trading for $2 or less, one can practice these techniques with less than $200. So what we are going to present you with are three different stocks that are all trading below $2 per share. This way you can find ideas potential ideas for the $200 or less you wish to invest.

    The three companies came up from screen and indicate they are at least possessing a market cap of $100MM, have EPS greater than zero, and had at least 500,000 shares traded on Friday. So here is your hit list for next week, as well as a background and synopsis about each company.

    #1: Ambac Financial Group, Inc. (NYSE: ABK)

    Shares of Ambac Financial Group (ABK) have had a wild run in the past couple of weeks. The stock has went from $0.55 to as high as $1.10 before closing Friday at $1.02. This is a high risk stock due to the extreme amounts of volatility and uncertainty surrounding the company.

    -> Continue Reading Here.



    Disclosure: Net Long ABK With Options
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