hahaha AIG, FNM, FRE, RAD, SIRI, GGP, and CHTR were all once considered blue chips and are now penny stocks or near bankruptcy. Also citigroup is soon to be added to that list.
However, I have considered investing in ACTC, which is a stem cell research company that is now $0.10 and before President Obama it was just $0.01
I also like to consider an investment in RICK (Rick's cabaret), which is under $4 a share.
Right now, it's Citigroup. Out of necessity. I HAD thousands in Citi stock, now it's hundreds. With all the other hits I've taken in the past year, I'm cheering for Citi. If it's not worth $30+ within a year, it will be because it dropped to ZERO because of a Gvmt takeover.
Buy Citi!
Of course, as long as President Obama maintains his open hostility towards capitalism ("I want to destroy the very idea of supply-side economics"), then the stock market will continue to languish. Tread carefully...
Ugh...as if capitalism = failed "supply-side" economics...please... Once again, so much for the famed "personal responsibility" of the Right-wing when it comes to placing the blame on the administration that started the USA's (and the entire globe's really) recession a long while ago, the administration that saw the largest single-quarter decline in U.S. GDP in many decades, the administration that saw HUGE job losses & an enormous loss of wealth in the housing sector, and the administration that saw a monumental upheaval in the USA's financial markets & a dramatic lack of consumer confidence. Hint: That admininstration was the Bush Regime...
I've been playing around with FAS and FAZ. Lol, I heard Jim Cramer condemning SKF the other day. That guy is a clown. One day he calls the bottom. Then after it drops some more he says it was only a bottom. I read the best way to make money from his recommendations is to short the stocks he recommends. You may have to wait 2 to 4 days to get the maximum gain but I believe I read you could make about 25 percent a month by shorting his recomendations. I going long right now hoping for a short term bounce up in the market. The SP500 hit a number at the bottom I thought it might bounce up from and it did.
I think GE still has room to move down because they still have not lost their AAA credit rating. Nearly all the articles I have read point to GE eventually losing their AAA credit rating. I think this will cause the stock to drop more.
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