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no news on the "job front" but KLUCQ is a buy for me after the Dimentional Funds news...
best of luck!
easy to buy and hard to sell... but it is going in the right direction for now! anyone still holding as i am? i'm about to "apply for work" to find out more, as i live in Houston... best of luck to all!
OK folks, this is a tough one. I want to get into basic materials, and this is a cheap in, with good potential. But on the other hand...I don't know that I want to spend any more money here just yet. I just sold 60% of my holding at a 20% profit and may try to guess the highs and lows until i hear some more pos. news. Any thoughts out there?
best of luck to all!
JB, i'm impressed that there is even one as retarded as myself...
Sorry bubba wasn't searching for klucq I was trolling for grubs.............
OK JB, I think i get it... pink sheet, or penny stocks are only for fools??? check out my posts for msitf if you care for my opinion(s). and i must also ask what you were doing searching online for klucq?
A grub is a post number like 1, 100, 10,000, 9999, 5555 or any cool combo, you'll see alot of it around these parts!
Thats it, you hit the nail right on the head..........grub munchin...............NOT!
JalapenoBuck, please define: Grub! I am not a hunter (yuk!!!), but can only imagine you are HotBuck eatin grubs as yum-yums. ie. KLUCQ is a buy 4 u. but then again, i ain't never heard from none of my fellow animal lovers, that deer be lovin grubs...just greens.
best of luck!
Jury Duty rocks, but i can't check stocks or receive alerts :(
lioneyes, about 80% of my purchases loose 50+% before i see my first dime. but they usually come back strong eventually. gesh, if only i could pick the lows... anyway, what i really want to say is penny stocks are very high risk and most call it speculation or gambling as opposed to investing. i say BS, but only if your intent is to buy low and sell high, or hold then sell high. and you should be ready to hold at this level...
regardless of all other factors (big statement there): the less you pay for a stock, the less you have at risk (100shrsX$1=$100@risk; 100shrsX$0.01=$1@risk); the less you pay for a stock, the more upside potential (100% return is fundamentally "easier" at $0.01 than it is at $1); and finally, a 1,000% return is near impossible in the "real world" while it is almost normal on the pink sheets (KLUCQ could hit $30 long before GE could hit $10,000). ok, so that was really only two reasons to buy the "garbage at the bottom"...but my goal is to gamble or speculate (ie. get rich:) on "high risk" survivors and newbies, while attempting to grow a lil somthin-somthin "on the side" with the bigger "safer" names as well. i do have 30 years before retirement age, i'm single w/o children w/four legs, and i own 1/2 my house, so i am comfy ignoring the experts:) but then again, anyone playing at this level should be fairly solvent shouldn't they.
best of luck!
lioneyes (luv the name),
I'm sorry I haven't had time to do much research yet. My modem was blown out in a storm right after i posted this message, then my mother board went out over Thanksgiving... it's been a blast! As for these Chpt 11 stocks-it's a crap shoot most of the time, unless you buy near the low. From my experience, you can almost always take advantage of the cycles if you are willing to risk enough $ to make a dime (ie. you can usually spend $1,000 at .065 and sell for $1,300 at .09 for a nice little 30% return). I'll do this when I feel comfortable with a stock, but usually I play with smaller figures in the begining. So, if you can't play with that kind of money up front, you can always toss $100-200 (unless you trade w/$30 commissions) and get a feel for the future. My plan w/KLUCQ.... I typically buy in w/o much research if a stock is "low" and I feel it has a viable business. that's the good thing about Chpt11...the companies almost always survive. And even if the company leaves the old stock in the dust, you are following the news and can buy the new stock right out of the gate for a tidy profit shortly there after. I look for stocks that were big names and have little real competition (Imperial Sugar, Kasper, Kaiser,...) I put in a few hundred, and increase my investment over time if it looks promising. Again, based on my experience, the bigger names tend to honor the old stock more often (retirement accounts), and they tend to draw smaller investment houses looking for a controling share (ie. if John Doe Brokerage wants to buy 5% of the company, they can help shape it's future and make sure the share holders are not left penniless). A great example of this is KASPQ. I got in around .22 and could have been penniless, but some bigger names jumped in and snaped up controling shares and now it's worth $7 while still in chpt11. I got out way too soon, but I still made a nice return for myself and the IRS! So, with Kaiser: We know it will survive as a company, but we don't know if the old stocks are worth anything. That's the only important thing for me right now since I'm not in at a volume allowing me to buy-n-sell yet. FYI: I thought about getting in at .065 but waited until it hit .12 and went back down to .09, where I spent $200). As soon as I find a company news release that says "old stock no good" I stop playing and consider it a temporary loss. If someone comes along to help "control" the outcome, I usually jump in big ($1k for me:). Or, if they come out of Chpt11 with warrants, I will pick those up like chocolate truffels with 24k gold centers! But only if they are coming out of chpt11...can't touch WorldCom:)
On to what I "think" about KLUCQ: I think if someone can get in around .065+, they can make a very nice profit. The cost of electricity has hurt Kaiser, as has asbestos and aluminum prices, but these factors should continue to improve. And the competition (Alcan and Alcoa) seems a scarier investment as well. Kaiser will not be exiting Chpt11 for a while, and the stock price should continue to rise slowly, i think. But if our economy continues to stumble...
check out the website (restructuring page/update page) and take the following with a grain of salt...
Prior to Today’s Hearing, the Court also Approved the Following Motions
* A settlement with the Port of Tacoma.....
* A request by the Committee of Retired Salaried Employees to retain legal counsel!!!
best of luck!
So what do you think about this stock? I've been wondering about it for awhile but I really don't know how these bankruptcy things turn out.
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