"Stocks under $5 are viewed as GARBAGE on Wall Street"
Man.....it must STINK there NOW!!!!
Using that logic, I guess a whole LOT of INVESTMENT BANKS are GARBAGE NOW too???.......But hey......THEIR RUN BY THOSE "PRO'S".....RIGHT??
(That's called sarcasim Rookie....Go ahead....Fire one back

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I have a different opinion....
I've been investing my OWN money for over 20 years. I've taken profits from BOTH Real Estate and Stocks. Those profits have been poured into a commercial real estate portfolio that is CONSERVATIVELY estimated at between $8 million and $10 million. It consists of self storage warehouses, industrial buildings, and a few recently aquired residential homes.
I purchased my first commercial building with the profits from CHRYSLER STOCK that was purchased in 1992. From my experience....You can take EVERYTHING you have ever READ, or been TOLD about investing in stocks and FLUSH IT!!!!
If the EXPERTS were REALLY EXPERTS, why have so many of them had their @sses handed to them this year???? Why did the EXPERTS PILE into CDO's that are now WORTHLESS??? Why did the EXPERTS lever their companies 40 to 70 TIMES??? If THOSE are the smartest guy's in the room???????? WE NEED SMARTER GUY'S!!!!!!!!
Listening to some people here, you would think you need an Ivy League Education to successfully invest in stocks..........YOU DON'T.
Want to know what (stock market) investments I made this year???? (2008) 3 investments......That's IT.....I purchased WAY out of the money PUTS on USO in late June. The USO is the United States Oil index....It didn't take an EXPERT to see a few things......If any of you care to wander through my previous posts you can read these ideas for yourself...... They were posted when OIL WAS around $130/barrel!!!!! I actually sent Rookie a DETAILED PM of this investment when oil was in the high $120 range.
Here's what a DUMB Firefighter saw the the EXPERTS missed.....
I watched FIREFIGHTERS I worked with trade in F-150's BY THE DOZENS to buy Honda CIVICS, I saw ARTICLE after ARTICLE in newspapers that said RIDERSHIP on PUBLIC TRANSPORTATION was up 500%!!!!!!
I saw people STAYING HOME on vacations so they didn't have to spend $4.30/ gallon for GAS......IN other words, I saw FUTURE DEMAND for OIL DROPPING.....I saw an ECONOMY weakening.
The options I purchased in USO went up 3 TIMES in value and I SOLD them. If I had KEPT them they would have eventually went up 10 times in value......BUT, a 300% return is hard to bitch about. Maybe a PRO could have got the 1000%.
Number 2..........FORD OPTIONS........LOT'S OF THEM......Those and a nice PILE of Ford STOCK at sub $2.00 levels!!! STILL own it ALL.....CAN NOT WAIT for all the "Wish I had's" in 5 years from this bad boy!!!!
Number 3.........A short postion in QQQQ ....June 09 $20 PUTS to be exact...... I don't think this market is ANYWHERE NEAR it's bottom.....Job losses are just NOW starting and THEY....like EVERYTHING ELSE in this economic DISASTER, will be FAR, FAR worse than the "EXPERTS" are predicting. WATCH!!!!
Here's what you need to understand......IT'S NOT HARD if you OPEN YOUR EYES!!!
This economic event has been UNDER ESTIMATED AT EVERY LEVEL!!! HOUSING, OIL PRICES, COMMODITES, BANK FAILURE RATES, INVESTMENT BANKS DISSAPPEARING......
EVERYTHING...........
If you believe..... After a track record like THAT....The "EXPERTS" now have a handle on FUTURE UNEMPLOYMENT RATES???????? YOUR KIDDING YOURSELF....
The BOZO'S are SEVERELY underestimating how bad JOB LOSSES will get in this country.......JOB loses are EVERYTHING!!!! This will be the LAST SHOE TO DROP....Do you realize that estimates for unemployment at the PEAK of this recession/depression are only 7 to 8%

Watch.........before it's over....we WILL HAVE unemployments levels WELL OVER 10% EASILY...........EASILY.....That 2 to 3% difference is GIGANTIC!!!
Job losses are like a DOG chasing it's TAIL...They KEEP GOING....Layoffs from the Plant down the street lead to layoffs and loss of business in restaurants, retail stores, hardware stores, car dealers, EVERYTHING..
When I hear the NIT WITS talking about NOW being a GREAT TIME to buy STOCK???? I just shake my head....
Here's the key to investing......DON'T DO IT......UNLESS, there's SOMETHING to do!!!!! The ONLY advantage guy's like us have is knowing when NOT to play the game. I wait for the ODDS to line up in my favor by a BIG margin....People here see Ford as a RISK......I could NOT disagree MORE... This company WILL NOT be allowed to fail....It actually leaves me speechless to hear people talk about BANKRUPTCY for FORD.......IT WILL NOT HAPPEN.....BECAUSE NO ONE......Let me repeat that....NO ONE is going to BUY A NEW CAR from a BANKRUPT MAKER!!!!! The BEST PART though......The absolute BEST PART....is how all the PRO'S turn their backs on this investment.......It makes me LOVE IT even more!!!! I cannot tell you how well I sleep at night knowing all the PRO'S are RUNNING away from this stock!!!!!!!
3 trades THIS YEAR.......2 of which I still OWN..... UP 300%!!! NO dreaming here........just REALITY.