Its not really a penny stock but Amazon (AMZN) is one of the few high priced stocks I trade. I first told my clients, friends & family to buy this stock in early 2007 when it was in the mid-30s. In late October it peaked at $101. Since then its been on a rolling trolly between the [...]
Entries from January 2008
January 10, 2008
US Economy Sinking Lower in 2008
US Federal Reserve says the country is heading for another recession in 2008. I’d like to thank the current US administration for this gift, but I should probably leave politics out of it. I’m actually glad for the recession because that means stock prices will be LOW!! So get out your wallets and let the spending spree [...]
January 9, 2008
Let’s Talk Rice Bran
Maybe some of you know there’s a food crisis in South Asia. India, Pakistan and Afghanistan are critically low on food, particularly rice. A company that makes Rice Bran, like NutraCea (NTRZ.OB) in Arizona looks pretty juicy to me. The stock went up 14 cents today, so I guess I’m not the only one thinking [...]
January 9, 2008
Vonage (VG) dropping again
I made a lot of money on Vonage towards the end of 2007. Bad press made it drop down to a buck a share. A few days later it rebounded to $2.57 (where I got off the bus). Vonage, as well as a couple others, are diving again this week. Good time to get a [...]
