My husband said that at work the guys were talking about the 800 point stocks
By writersedge
@writersedge (22563)
United States
September 30, 2008 6:37pm CST
going down and the 400 back up. He said people where he worked said some stocks were as low as 15 cents and people were buying. I wish we had money, a thousand dollars at 15 cents and then if it went back up to a few dollars, Wow, that would really add to our income. We never have money when stuff like this happens. What do you think?
1 person likes this
4 responses
@curiousman (2427)
• Malaysia
1 Oct 08
Those stocks have dropped to cents for good reason. I would never buy penny stocks again! They are likely to go bankrupt anytime. Maybe one out of a thousand will bounce back. I wouldn't gamble.
1 person likes this
@writersedge (22563)
• United States
1 Oct 08
I sort of agree, see my response to the next person below and take care.
@carolbee (16230)
• United States
1 Oct 08
It would have been a good time to buy but in our case, the money was already tied up in the stock market and to pull it out and buy something else really wouldn't make any sense. So we did nothing and will wait to see how much it goes up again today, tomorrow, etc. My husband handles all the investments because I don't have the interest or the knowledge.
@writersedge (22563)
• United States
1 Oct 08
Sounds wise to me, people are advising to just sit tight if you already have stock. Take care.
@writersedge (22563)
• United States
1 Oct 08
I'm more worried about the bail out, our banks could freeze money, so our accounts could be frozen. Esp. mine, my bank keeps getting bought and sold every time I turn around.
@carmelanirel (20942)
• United States
1 Oct 08
Oh wow, ironic you say this, because I heard that we should be investing right now, but we have nothing extra..
I wouldn't know what to invest in anyways..
I wouldn't know what to invest in anyways..@writersedge (22563)
• United States
1 Oct 08
Same problem here. I answered this before and it didn't come up. Must be another glitch in the system again.
1 person likes this
@PearlGrace (3171)
• United States
1 Oct 08
I think it's smart to buy low, but people get so spooked when the bottom drops out of the market, that they won't buy when they ought to. I mentioned 2 nights ago that we (my husband and I) ought to be buying up some stocks right now and my husband looked at me like I needed medication! I think it's a great idea. I haven't been following the markets enough to know what stocks have dropped way down.
@writersedge (22563)
• United States
1 Oct 08
Most stocks don't go below a dollar, so it's a sure bet that anything below a dollar dropped. The question is which ones are slated to go up? The last time there was a drop and a rebound, some people made an entire year's worth of money on a thousand dollars. Others lost the thousand because the company they chose went out of business. It's a gamble, to be sure, but if you win,you win big. If you loose, you're out of the money. So like with gambling, don't do it if you can't afford to loose it. Take care
@writersedge (22563)
• United States
1 Oct 08
Also stock sheets have a plus or minus on them in the newspaper every day. Minus means they went down and by how much and plus means they went up and by how much, it's a good idea to start watching the pluses and minuses in the paper to get the hang of it.
