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Does anyone have a stock for a novice?

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Participants:

Posts: 9

Eastwood7

Veteran

Joined: Sep, 2008

Posts: 1360

Posted: Feb. 22, 2009 - 9:39 PM ET #1

I would like a good stock for a 30% return in 12 months

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Feb. 22, 2009 - 10:11 PM ET #2

Are you willing to toss the money into the ocean risk wise?

Plenty of great options out there if you are willing to consider it 100% loss money.

WinLoseorDraw

Prospect

Joined: Sep, 2008

Posts: 306

Posted: Feb. 22, 2009 - 11:57 PM ET #3

DRYS it will be 30% alot quicker than 12 months. maybe a week

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Feb. 23, 2009 - 12:07 AM ET #4

Quote Originally Posted by WinLoseorDraw:

DRYS it will be 30% alot quicker than 12 months. maybe a week

At this price a 12 month return could be a 10 bagger..no joke.

Sherman79

Rookie

Joined: Jan, 2007

Posts: 689

Posted: Feb. 23, 2009 - 9:47 AM ET #5

i would agree with DRYS. I like GNK as well. If you find a day where Citi or BAC are down 20-30%, that would be a good time to jump into them as they usually will rebound the next day or a day or two following

IronCobra

Veteran

Joined: Dec, 2007

Posts: 1416

Posted: Feb. 23, 2009 - 10:14 AM ET #6

Quote Originally Posted by wallstreetcappers:

At this price a 12 month return could be a 10 bagger..no joke.

Interesting, what makes you say this?

SteelHop

Rookie

Joined: Sep, 2006

Posts: 748

Posted: Feb. 23, 2009 - 3:26 PM ET #7

Um... yeah your bank account. There is no way you should jump in at this point in the market. With technicals looking at some where at 5000 on the Dow and 600 on the S&P. Hold on to your money for now.

WinLoseorDraw

Prospect

Joined: Sep, 2008

Posts: 306

Posted: Feb. 23, 2009 - 10:52 PM ET #8

Quote Originally Posted by IronCobra:

Interesting, what makes you say this?

DRYS is a cashflow machine and the leader in dry bulk shipping.

china's commodity needs are still very strong and even with a global recession their is strong demand. do some research on drys and you will see why this stock is a winner.

WinLoseorDraw

Prospect

Joined: Sep, 2008

Posts: 306

Posted: Feb. 23, 2009 - 10:56 PM ET #9

Quote Originally Posted by Sherman79:

dont touch citi it is toxic. BAC is a solid company and would a great pick to hold for 12 months ($4 today) could easily be a 5 bagger. read this article

http://seekingalpha.com/article/121694-eight-reasons-bank-of-america-is-going-to-20?source=front_page_most_popular_articles

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Does anyone have a stock for a novice?

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