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Alias Born | 03/29/2007 |
Friday, May 15, 2009 1:54:27 PM
But you can't deny that it's here. If you have capital to invest and low or no debt, you can make yourself rich in the mid-term.
It's really exciting. I should've put a ton into AIG when it was at .35. It was calling me like a Victoria's Secret model-turned prostitute, but I ignored her. Easy winner.
The upside that's still out there on a lot of equities is ridiculous.
A certain stock that I'm heavy in (that happens to be flying today) is probably priced so low because many people are broke or sitting on the sidelines. A short may be involved as well, but even if it's biggest short of all time, it still would be trading at least double from where it is now if the economy was halfway stable. Same goes for EXPU and some other plays that look really exciting.
Only the savviest, ballsiest or most well-off people are working the OTC. Most small-time retail investors still won't touch the big boards. When they jump back in with two feet, you better have taken some wise positions.
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