$2 stock competition

Forum: Investments
Author: [Investments] Topic: $2 stock competition
Ktrain PM Ktrain
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Posted: 10/26/2011 9:33:36 PM

I'm in a competition where we have to pick a stock that is under $2 a share as of 10/31. We hypothectically buy and hold 1 share for 6 weeks and see who has the best rate of return. No shorting either.

I'm wondering if anyone can give me any suggestion before I start my search. Thanks!

wallstreetcappers PM wallstreetcappers
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Posted: 10/26/2011 11:01:02 PM
I would go with MF if you were going to take a huge risk.

THESHOOTER PM THESHOOTER
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Posted: 10/31/2011 1:41:04 AM
wallstreet-- what is your take on mf after this proposed sale to ib over the weekend?
wallstreetcappers PM wallstreetcappers
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Posted: 10/31/2011 8:25:23 AM
I gave out MF because either way, good or bad it would for sure be a wild ride and worth discussion. Of course I did not and would not buy any of it unless the money was 100% risk capital, fully able to flush if it didn't work out. Contests at school or fun aren't meant to be boring and safe, going with MF would be a crazy move and it would be discussed win or lose.
woopdurritis PM woopdurritis
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Posted: 10/31/2011 8:57:43 AM
QUOTE Originally Posted by wallstreetcappers:

I gave out MF because either way, good or bad it would for sure be a wild ride and worth discussion. Of course I did not and would not buy any of it unless the money was 100% risk capital, fully able to flush if it didn't work out. Contests at school or fun aren't meant to be boring and safe, going with MF would be a crazy move and it would be discussed win or lose.

MF will no longer be with us in the near future 
NoWorries21 PM NoWorries21
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Posted: 10/31/2011 6:09:24 PM
Sirius
Ktrain PM Ktrain
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Posted: 10/31/2011 6:33:13 PM
QUOTE Originally Posted by NoWorries21:

Sirius

Funny you mentioned this because after the MF news this morning I ended up picking SIRI. 

I actually bought some back when it was .10 cents a few years ago when it was on the verge of bankruptcy. Just kind of rolled the dice with some extra cash I had on hand. Ended up selling it months later for $1.20. 

Such a crazy morning because I had to have my pick in by 4 pm PST today and I was going to roll the dice with MF until this morning. Crazy day. After reading up on them I thought for sure someone would come to their rescue. Guess I was wrong. 

Thanks for the input and discussion everyone. 
THESHOOTER PM THESHOOTER
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Posted: 11/1/2011 1:53:34 PM
MF certainly has provide for a very interesting classroom discussion with all these headlines they are making last 2 days
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