d**n I had posted eariler if i should buy Indymac stock at .07 almost all said no and now its up almost 300%?

Question

d**n I had posted eariler if i should buy Indymac stock at .07 almost all said no and now its up almost 300%?

Answer 1

Hi

Yes you should have because it was low enough to make a return all the same you haven`t but can you see a stock at that price return to 0 the eps ratio is low so why not.

You should have jump on it never mind there are lots of these type of shares around the next corner.

Peter Matty

Answer 2

It's not too late. I suggest you get cash advances on all your credit cards and buy first thing monday morning. If you happen to be a home owner and have equity in your house, get a HELOC and invest the proceeds accordingly. Hurry before it's too late!

Answer 3

That will teach you to take advice from this web site.

Answer 4

Yeah, getting advice from a website is risky.  Check out this rediculous stock site someone forwarded me:

http://www.bofads.com/stories/stocks.htm

It's so bad its funny

Answer 5

Nobody knows the future in stock prices.  That's why you can only talk about the risks of making various trades.

People said they wouldn't buy this stock because they saw such a trade as too risky.  You could loose 100% of your investment.

The thing is, if you keep making very risky trades.  Then sooner or later you are going to loose 100% of your money.  And that's why it's a good idea to stay away from such trades.

This stock may have gone up due to short-covering.  Some people may have shorted this stock.  And now they've covered their shorts in order to take profits.   And if this is the case.  Then this stock may end up going down to zero eventually.  And if someone owns this stock now.  Then he may loose 100% of his money.