Well, it was an exciting morning, it felt like my scivvies were falling off in public. OCNF, FREE and especially ABK took a serious walk.
Oh boy, the news just said that obese people are causing global warming.....anyway, it was a rough morning and as the day progressed the above stocks started pulling back up.
I hope that you all had to opportunity to buy them when they were down, because they should go up quite a bit in the next day or two, however, I expect more pullbacks, more frequently, so there should be lots of buy and sell opportunities with OCNF, FREE and yes, even ABK.
ABK came back strong. This morning I was thinking "Oh boy, another month until I can get rid of it". Maybe it will go up again tomorrow. It is such an unpredictable stock....I cannot find anything to base its reaction on. I've looked and just can't find anything to project it with. If you have any ideas with that, please let me know. The last I read was that they are a toxic waste dump.....
SSCCQ.......(shrugging shoulders here)....I just have to do more research, because I believe they are really really viable...so SHOTS, I will do some investigation tonight and see what I can come up with. I might have to get on the pennies board and pump it like a used car salesman on a street corner. I do believe it is good stock though....so far..
That's about it, share some of your experiences today and stocks to watch whether they are pennies or whatever other.
This bank situation is really bugging me....converting government preferred stocks into common stocks. Now logically, wouldn't that create a whole bunch of dilution for stock holders? When this happens, the you can best bet the market will be all over the place. If you have comments or other ideas about this then please post them. I would love to hear them.
Be back later