Contour Enthusiasts Group Archives Forums General Common Interests Buy Worldcom Stock????????

A city boy, Kenny, moved to the country and bought a donkey from an old farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said, "Sorry son, but I have some bad news, the donkey died." Kenny replied, "Well then, just give me my money back." The farmer said, "Can't do that. I went and spent it already." Kenny said, "OK then, at least give me the donkey." The farmer asked, "What ya gonna do with him?" Kenny, "I'm going to raffle him off." Farmer, " You can't raffle off a dead donkey!" Kenny, "Sure I can. Watch me. I just won't tell anybody he is dead." A month later the farmer met up with Kenny and asked, "What happened with that dead donkey?" Kenny, "I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998." Farmer, "Didn't anyone complain?" Kenny, "Just the guy who won. So I gave him his two dollars back." Kenny grew up and eventually became the Chief Financial Officer of WorldCom.

LOL

If you bought 1000 shares of adelphia (my current ISP btw and their email server SUCKS) its only $100, if they happen to recover could be worth some good cash. Or you can go to Vegas and have the same odds (atleast youd get to see showgirls and Elvis though)

hmmmmmmm Tempting ..... Invest in companies in trouble. Surely one of them would recover???? I'll probably end up kicking myself... But I think I'll just save the cash.

Hey.. do the math... the risk is very low compared tothe intial investment:

$ 7.00 Trading
$ 14.00 Shares ---> 100 shares

IF they bounce back it won't be only $1.00 but around $5 bucks or more....

Your 100 Shares become then $500 bucks !!

All you have to lose is $21 bucks !!

Hey.. I may gather few people and buy a bunch of "troubled" stocks... I am guessing that one out of 10 will come back stronger...

What da u say ??

I say there are companies that do that for a living, that is buy distressed securities and try to turn the company around. If they're not buying, I'd stay away too.

If ever there was an accurate gambling analogy, what your saying is it.

How do you think Warren Buffet got rich????

I am with Borgess on this one. Now is the time to start an investment group.

The only thing is:

* One can either go outhere and buy a bunch of low EPS / PE ratio stocks that are about to die or

* One could do some research and buy ONLY the stocks from companies that WERE to die and because of some reason they are coming back...

That's the problem... how to distinguish the bad APPLES on the floor you can still eat from the ones on the floor already ROTTEN...

if someone can idealize a METHOD to do that.. that is it... you'll be spending $100 and will be getting thousands back...

I dunno... I see the potential to make some money.. but I YET do not know the method..

Things are not going to good for WCOME...

One thing though it is puzzling me.... They've had few days already on the bottom... so how come there is still some much volume going on ?? And surpisingly... there has been some positive buyings lately... Today's lowest was about $0.10 and right now it is trading at $0.14 ...

I'm going to invest $150 in the stock market. Who do I buy, and why? (Im actually thinking about doing it, but not sure if I expect a real answer or not)

I wouldnt' buy anything right now.. and I should FOLLOW my own advices...

You cannot be STUBBORN in the market.. it will KILL you... I must learn that rule ASAP...

I just put another $500 one Health insurance... I had already almost $1,500 profit and i thought (i still think ) it was going to go even higher.. then I bought more when I knew it was not a good time to buy stocks... that was this monday...

My stock is now 20% off its highest... but I am so STUBBORN that I won't sell it and lock the remains of my profit... I want it to go back to the top...

Well... Life is DUKKHA