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Maybe some members believe in the "sell in May, then go away" market philosophy, because I don't think we got much response to the May "Stock of the Month" Discussion .. but I'm not giving up!
What are your picks for June "Stock(s) of the Month" .. and why? These are mine:
|Stock||Symbol||Price||Price/Earnings||Annual Appreciation||Dividend %|
I have some accumulated cash in an IRA, and asked my stock-trading buddy recently, if he had any recommendations. He came up with a company that markets online "social games"; it pays no dividends, has negative earnings, and the price has been dropping the last 3 months. It is, however, very cheap (under $10/sh), and HIS M.O. would be to buy several thousand shares (discount e-brokerage), and sell it as soon as it goes up a couple of points (hopefully). He also buys options to hedge his risky investments. Anyone else play the market that way?