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Saturday, August 05, 2006 1:24:47 AM
If I wanted to 'invest' for the long haul, I would just keep adding to my EXXON, BP, Union Pacific, John Deere, etc. In my opinion, anyone who buys pink sheet stocks and then says they are in for the long haul is actually committing financial suicide....the odds are completely against you.
With the cost of money constantly rising, it is senseless to have it sitting idle. If I can just put down 9 or 10 grand for a week or two, and pick up $4500 profit 20 times a year, it is close to a hundred grand a year....50,000 shares of a stock like Nord would have to go up $2/share to give me that kind of income/return. If I had bought Nord at its lowest price in the past year, and sold at its highest, I still would not have made $2/share. Heck, the longs on the board are waking up each morning HOPING AND PRAYING for some sort of word from the company that might just raise it 20, 30, or even 50 cents. A $2.17 cent buyout offer could only raise it maybe a dollar before it sunk...LOL.
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