Funny article and totally irrevelant to the volatility of these stocks. Look at Citigroup for example. She said it touched .97 but this stock has also tripled in the last three weeks from that bottom.
She's right that there are high risk with these stocks but she failed to mention that there are great profits in these stocks also.
A company like Citigroup isn't going bankrupt. They even posted a profit the last two months.
Market to market rules have also changed so companies like Citigroup can value their assets at what they are really worth.
We'll see this week when Citigroup's financials for the quarter come out.
Ford a Likely Survivor of the Auto Industry Crisis [View article]
Yes, Ford is in a lucky position considering their debt but look at the 2010 car lineup. Ford has substantially more desirable cars coming out but I haven't seen really anything big from GM and Chrysler. Ford seems to be the most progressive of the three from their innovative offspring coming soon. I do see more valuable assets within Fords marketing campaign.Unless GM and Chrysler does a 180 turnaround I am not a buyer here.
What Does the New GM Deal Mean to Sirius XM? [View article]
Just more BAD news to stir the pot even more.
The trickle down will continue for the next several days. It will be back at .30 by the end of the week.
Sell now and get back in at .25 but you gotta sell now.
JAY BOY BILLY
Cheap Stocks Aren't Always Bargains - Barron's [View article]
She's right that there are high risk with these stocks but she failed to mention that there are great profits in these stocks also.
A company like Citigroup isn't going bankrupt. They even posted a profit the last two months.
Market to market rules have also changed so companies like Citigroup can value their assets at what they are really worth.
We'll see this week when Citigroup's financials for the quarter come out.
Jay
Ford a Likely Survivor of the Auto Industry Crisis [View article]