http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Wed, 17 Mar 2010 13:21:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19053 DD Fri, 26 Jun 2009 16:26:14 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19053 A couple of weeks ago I wrote about how I invested in companies like the ones you mentioned. While I think you gave some great advice, I think people need to see the difference between investing in a company that is "down" and one that is "down and out". A couple of weeks ago I wrote about how I invested in companies like the ones you mentioned. While I think you gave some great advice, I think people need to see the difference between investing in a company that is “down” and one that is “down and out”.

]]> http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19051 Weakonomics Links: Mythbusting The Dow | Weakonomi¢s Fri, 26 Jun 2009 14:30:55 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19051 [...] Thicken My Wallet writes about the hail mary school of investing.  This is in reference to buying stocks that have been hammered because of bad times.  The two best examples today are Citigroup and GM.  Both have seen their stock prices tank to next-to-nothing.  Many people think they can make a quick buck.  It’s possible, using UpDown I’ve ridden the Citi ride between $2-$4 quite successfully.  Ultimately it’s foolish to invest in these companies thinking you will make a quick buck.  You hear stories like mine above, but what you don’t hear about is I also took a 30% loss on GM stock while making (fake) money on Citi.  If you believe a company has turned a corner and new management shows promise, you have a point.  But 100 years of brand equity isn’t enough to warrant an investment. [...] [...] Thicken My Wallet writes about the hail mary school of investing.  This is in reference to buying stocks that have been hammered because of bad times.  The two best examples today are Citigroup and GM.  Both have seen their stock prices tank to next-to-nothing.  Many people think they can make a quick buck.  It’s possible, using UpDown I’ve ridden the Citi ride between $2-$4 quite successfully.  Ultimately it’s foolish to invest in these companies thinking you will make a quick buck.  You hear stories like mine above, but what you don’t hear about is I also took a 30% loss on GM stock while making (fake) money on Citi.  If you believe a company has turned a corner and new management shows promise, you have a point.  But 100 years of brand equity isn’t enough to warrant an investment. [...]

]]> http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19050 This and That: Best of the Blogs Edition | Canadian Capitalist Fri, 26 Jun 2009 12:11:10 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19050 [...] Finding their portfolios decimated, many investors are throwing the financial equivalent of a “hail Mary” pass. In this wonderful post, Thicken My Wallet points out the flaws in such a strategy. [...] [...] Finding their portfolios decimated, many investors are throwing the financial equivalent of a “hail Mary” pass. In this wonderful post, Thicken My Wallet points out the flaws in such a strategy. [...]

]]> http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19046 A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com Fri, 26 Jun 2009 03:24:22 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19046 [...] Thicken My Wallet looks at the Hail Mary School Of Investing. [...] [...] Thicken My Wallet looks at the Hail Mary School Of Investing. [...]

]]> http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19028 Thicken My Wallet » Blog Archive » The “hail mary” school of investing | Money Blog : 10 Dollars : Money Articles. Wed, 24 Jun 2009 20:16:22 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19028 [...] See original here: Thicken My Wallet » Blog Archive » The “hail mary” school of investing [...] [...] See original here: Thicken My Wallet » Blog Archive » The “hail mary” school of investing [...]

]]> http://www.thickenmywallet.com/blog/wp/2009/06/24/the-hail-mary-school-of-investing/comment-page-1/#comment-19023 WhereDoesAllMyMoneyGo.com Wed, 24 Jun 2009 17:09:27 +0000 http://www.thickenmywallet.com/blog/wp/?p=1029#comment-19023 If a company is worth 1 penny a share or $100 per share, in both cases the most you can lose is still "all your money". If a company is worth 1 penny a share or $100 per share, in both cases the most you can lose is still “all your money”.

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