Should I buy Enron?Right now it's at 9 cents. And lots are people are saying to buy.?

Question

Should I buy Enron?Right now it's at 9 cents. And lots are people are saying to buy.?

Answer 1

I am assuming you are talking about the pink sheet stock ECSPQ.

There are at least two good reasons to avoid that stock.

1. It is a pink sheet stock, making it nearly impossible to get accurate information about it.

2. It is a penny stock with very low volume. That makes it very illiquid and subject to pump and dump tactics.

The fact that you say "lots are people are saying to buy" makes it sound like there may already be an attempt to pump the stock.

Answer 2

No!

What people are saying this is a buy?

Madness...  

Answer 3

It doesn't even exist, how could you buy it? I'll sell it to you for 8 cents.

Answer 4

I see no future in this move, unless you have enough investable funds to profit from a penny or two of movement.  Even then you would be taking a huge risk.  So, my advice is to find something else to buy.