Banks, Airlines and anything related to an automobile

Indymac is purely a gamble, nothing more then a bet at the racetrack. You go into that trade knowing full well that you might lose every dollar and the chance is there.

Now it sits consolidating, will it bounce? I dont know. If your in the trade, I wouldnt sell, but anything can happen know that.

The chart tells me that its consolidating right now waiting, for what, I dunno...

I would bet on CHTR CHARTER then IMB Indymac if you want to bet on penny stocks.
 
This thread is about purchasing a lottery ticket at the right time.

Either these companies will fold or they will not. If they are not willing to fold, then they will probably go up.

I am saying that a 5000 dollar investment in some of these stocks might yield a spectacular return 1 year down the road. Then again, they might not.

It all depends on the chart below. My personal analysis some time ago concluded that $135 was probably the the limit of oil's advance, but then again, the price is managing to stick above the middle line. It does look like oil is still a buy right now along with DIG. Actually, DIG might be a great buy right now on this pullback.

I would buy into AMR or CAL if oil made a noticable move to the downside meaning that the trend line is broken. I dont think $135 is the high yet, but Im watching and waiting.


9b90-1FVH9dbUKkXEFzDogw5ri548IDP7sxxv4xQp5Fd3Ig=_l.jpg
 
Quote from Port1385:

This thread is about purchasing a lottery ticket at the right time.

Either these companies will fold or they will not. If they are not willing to fold, then they will probably go up.

I am saying that a 5000 dollar investment in some of these stocks might yield a spectacular return 1 year down the road. Then again, they might not.

It all depends on the chart below. My personal analysis some time ago concluded that $135 was probably the the limit of oil's advance, but then again, the price is managing to stick above the middle line. It does look like oil is still a buy right now along with DIG. Actually, DIG might be a great buy right now on this pullback.

I would buy into AMR or CAL if oil made a noticable move to the downside meaning that the trend line is broken. I dont think $135 is the high yet, but Im watching and waiting.


9b90-1FVH9dbUKkXEFzDogw5ri548IDP7sxxv4xQp5Fd3Ig=_l.jpg
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Nice chart

Thank you Port
 
Quote from Port1385:

This thread is about purchasing a lottery ticket at the right time.
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Calling it a lottery ticket as opposed to hoping to catch a failling knife might make it sound more appealing to some, but personally I think I will wait until that knife sticks into the ground and holds awhile.
 
I went dumpster diving today and found a few more stocks.

UNCL- This stock has recovered nearly 300% from a few months ago. Its a play on FMD. I think UNCL is in better condition then FMD. UNCL will eventually recover. They are the only lender that appears to be in a condition to lend money when it comes September to students.

TA- If oil comes down, this stock should recover nicely. They operate truck-stops.
 
I agree, they are awful. Its a stock trading strategy called "bottom fishing" or "catching a falling knife". When these strategies do work, they do yield a great deal of profit.

Go ahead and come back to this forum in 3-6 months and look at the prices. Some of the companies might go out of business while others may have doubled or tripled.

Not for everyone, can lose money....


Quote from stock_trad3r:

these stocks are awful
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