I'm a gamblin' man.....

[morimoto]

So yes, I bought 2000 shares of LEHMQ at $.079. Why you ask....well that's what I am still asking myself. I sold some metallica tickets for $300 more than I paid, and got $100 in AMEX gift cards a few days ago...so I had some extra cash. Yes it would have been better spent on other stuff.....

 

I guess I was missing the casino, cause this move was just as questionable as putting a few hundred down on one hand of balck jack at the $1 min table.......

Edited October 17, 2008 by morimoto

[Kevin20]

So yes, I bought 2000 shares of LEHMQ at $.079. Why you ask....well that's what I am still asking myself. I sold some metallica tickets for $300 more than I paid, and got $100 in AMEX gift cards a few days ago...so I had some extra cash. Yes it would have been better spent on other stuff.....

 

I guess I was missing the casino, cause this move was just as questionable as putting a few hundred down on one hand of balck jack at the $1 min table.......

 

 

Jim Cramer certainly doesn't approve. Next time you want to burn $160, can you just mail it to me instead?

[Kevin20]

So yes, I bought 2000 shares of LEHMQ at $.079. Why you ask....well that's what I am still asking myself. I sold some metallica tickets for $300 more than I paid, and got $100 in AMEX gift cards a few days ago...so I had some extra cash. Yes it would have been better spent on other stuff.....

 

I guess I was missing the casino, cause this move was just as questionable as putting a few hundred down on one hand of balck jack at the $1 min table.......

 

 

Jim Cramer certainly doesn't approve. Next time you want to burn $160, can you just mail it to me instead?

 

 

Actually it might have been AIG Cramer was warning against. Still -- not sure the point, shareholders won't be getting anything.

[bob02]

last night he was all against AIG, and all for good dividend stocks.

I just remember him walking around with the YIELD sign stuck in his pants.

He made me feel better for once... the only stocks I have bought in the last year'ish were dividend plays.

[morimoto]

Yeah, I didn't say I did a smart thing, it's a pure gamble.

 

I wonder if it would be almost "taboo" to talk about any good possibilites with AIG, lehman, etc.....not that there is too much good anyone can talk about.....

[bob02]

you could short it

that would have been good

[morimoto]

Holy crap! I usually don't make this bad of calls, this LEHMQ dog is dead!!! Why did I ever think this was a good idea

 

However, I did make a good catch on IVFH last friday.....i bought 75,000 @.006 = $450, and sold 50,000 shares of it today at $.0180 for a profit of $450. I am going to keep the remaining 25,000 and hold for a little bit, see where this thing goes. I put a sell limit of .01 on it. So worst case i will come out $700 ahead on IVFH. (edit:) It could possibly go up to $1 within a year, boy that would be nice!

 

So if I ride out LEHMQ until it bottoms out at .001 or something like that....I will still come out ahead.

 

I usually don't go the penny stock route, but I kind of like it......

Edited October 20, 2008 by morimoto

[Kevin20]

Holy crap! I usually don't make this bad of calls, this LEHMQ dog is dead!!! Why did I ever think this was a good idea

 

However, I did make a good catch on IVFH last friday.....i bought 75,000 @.006 = $450, and sold 50,000 shares of it today at $.0180 for a profit of $450. I am going to keep the remaining 25,000 and hold for a little bit, see where this thing goes. I put a sell limit of .01 on it. So worst case i will come out $700 ahead on IVFH. (edit:) It could possibly go up to $1 within a year, boy that would be nice!

 

So if I ride out LEHMQ until it bottoms out at .001 or something like that....I will still come out ahead.

 

I usually don't go the penny stock route, but I kind of like it......

 

 

Dude, movements of those bottom of the barrel sub-penny stocks are simply random. Quit squandering your time and money on those, a blind monkey can make a mint buying real stocks now at these prices.

[morimoto]

Holy crap! I usually don't make this bad of calls, this LEHMQ dog is dead!!! Why did I ever think this was a good idea

 

However, I did make a good catch on IVFH last friday.....i bought 75,000 @.006 = $450, and sold 50,000 shares of it today at $.0180 for a profit of $450. I am going to keep the remaining 25,000 and hold for a little bit, see where this thing goes. I put a sell limit of .01 on it. So worst case i will come out $700 ahead on IVFH. (edit:) It could possibly go up to $1 within a year, boy that would be nice!

 

So if I ride out LEHMQ until it bottoms out at .001 or something like that....I will still come out ahead.

 

I usually don't go the penny stock route, but I kind of like it......

 

 

Dude, movements of those bottom of the barrel sub-penny stocks are simply random. Quit squandering your time and money on those, a blind monkey can make a mint buying real stocks now at these prices.

 

 

Oh, I understand the "bottom of the barrel sub-penny stocks" are ususally a huge crap shoot, and almost always end up with someone losing money. I had just never traded in that kind of market, and thought I would try it out. I never put in any money I am not willing to lose.....and obviously I made a few extra bucks by playing the penny stocks. I don't plan on making this a habit.

 

As far as other stocks, I have actually made some good buys already. My plan is to buy low and hold, and if by chance one of the stocks I buy shoots up in a real short period of time, I have sell limits already in place to execute the trade.