I was listening to some news this morning and someone commented that the banking stocks are back up to almost pre-crash prices. I immediately remembered that I had been lambasted by Jason330 about my investment advice to him to buy Bank of America stock. that was on February 20th when BofA was trading at $3.79.
If Jason had followed my advice (which even I did not follow) and he had invested $10,000 in the stock, today he would have almost $47,000. Just sayin…
That’d be a dirty 370% return!!! BofA is the biggest m-effer of the big heads.
Did you take that advice as well?
Actually, Smitty, it is 700% on an annualized basis… 🙂
I never said that it wasn’t dirty money, I just said that it was a money-maker.
Hey, LG. Considering a relative of yours just got hired there. I’d say it’s time to sell sell sell.
Munson: wisest advice I heard yet. 😉
Ford did pretty well, too..from $1 to $7 in 8 months. Of course, when a market loses roughly 50% of its value, there will be money to be made in the subsequent rebound.
[note; unless you’re a day trader with a data stream and your finger on the button, stay away from GM]
Yeah. It’s kind of funny how the Dow stopped being The Ticking Heartbeat of Our Economy as soon as the news stopped being bad.
Sorry–I still can’t get over it’s cyber/paper money. Not one more dime…besides what my employer wants to do for me.
Sorry–I still can’t get over it’s cyber/paper money…
I don’t get your point. If you bought 50,000 shares of Ford at $1.00 per share (it hit .96 last Dec.), and sold that 50,000 shares at $7.00 a share (it’s around $7.50 today), you could request that your broker send you a check for $350,000, less commissions.
That money is real.