Question for experienced stock traders?
What are the chances that a super cheap stock such as MGEN,SLWF,OGOH,GSPG,PFMS will accomplish a favorable price over a year or so or longer? Like say a dollar or even .50$? I see some of these stocks climbing or falling by 100% on a day by day basis and communication headlines aphorism some of these are increasing quarterly profit by 200%. Would it be a risk worth taking considering you can get 100,000 Shares for 40-60$ and agree to it sit for a while or would it be a useless effort and fritter away of time?Answers: I'm an experienced trader, and I'll tell you this.
There's no point surrounded by trying to predict what an individual stock is going to do.
All indications are that the US is entering a recession (or already has.) If that's true, later there's a lot more time moved out, at least on the establish of a couple of years, for the stock market to decline.
Stock charts from the closing recession of 2001-2003 illustrate the point: http://www.financialsense.com/editorials...
The market decline for over two years. This time, it may be longer, may be shorter, nobody can answer that.
My advice is to examine the daily charts of the stocks you're interested surrounded by and be patient. Look for sharp rebound, but don't buy them. Only buy after several of these rebounds own started getting higher and high. This could take months or years.
If you procure in "too early" you stand a greater arbitrary of the stock price going even lower. Remember that a recession takes greatly of time to complete and the stock market will purloin just as long to start getting out of its "funk."
Remember there's no parameter as to how low a stock price can fall. A company can run out of business and a stock can be delisted. In which case you're out of your money.
don't try to give attention to you can "predict" a stock market bottom.
Just skip penny stocks (even if your 100,000 shares double you'll still one and only have $80 bucks, and you're much more possible to lose all your money than if you buy a non penny stock...) Once the dust from this crash settles you'll be capable of find plenty of bargains...
How to capture a connection beside a serious business partner interested within investing within Nigeria?
We are a register company seeking to diversify into various Business within nigeria but seeking for a co partner in any country of the world.The signature of the company is ( TOPRAISE SERVICE AND SUPPLY COMPANY NIGERIA LTD.
Answers: Nigeria has a reputation for human being the fraud capital of the world. Because of the massive fraud, plentiful companies will not do business with any companies or individuals who are base in Nigeria.
I desire you the best of luck.
no one wishes to invest in Nigeria.. even some friends who come from in that, even say their country is a in recent times one big scam.
it would be the last place I would invest even if it be genuine, and not resembling 99% of the scams out near..
Fool boi oooooo! Go eat your mama's toto!
I be dey masta and you be dey maga!
Is the dow jones open today?
Answers: The US Stock markets are closed. Dow Jones is not the stock market.
only the stock market is closed