Quote:
Originally Posted by PXN
I won't own this share even if it were a buck. It had too much debt and chances are it could go bankrupt in this type of economy if bank aren't leaning money. However, I think the stock slide with the general market and in my opinion the sell off was excessive.
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you make money in the stock market taking risks, those looking for stocks that have great numbers great balance sheets great everything will end up buying that stock at max price and not making much money, warren buffet always says "be greedy when others are fearful and fearful when others are greedy" and obviously if your goal is very long term investing like buffet (he rarely sells stock) is ok and yeah youd want to make sure they have the best balance sheet in town, this stock is cheap and once things calm down I see it moving up real nice, I mean at a buck or so a share take 5k and throw it in worst that can happen is you lose 5k but in reality I thinking it will be a 4dollar stock within a few months, given they follow thru with the steps they outlines in the last conf call (many things they already have started doing)