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Started By
Message
I found a stock I want to buy (never done this before)
Posted on 3/27/13 at 10:52 am
Posted on 3/27/13 at 10:52 am
Its a very high risk stock that is extremely low and im gambling that in the next few years it will be 10x its value. I know a financial adviser that previously worked at Edward Jones. What should I expect?
6
Posted on 3/27/13 at 10:57 am to FelicianaTigerfan
we expect you to tell us the name.
Posted on 3/27/13 at 11:00 am to FelicianaTigerfan
open a scott trade account, buy some and hang on for the ride
Posted on 3/27/13 at 11:03 am to FelicianaTigerfan
quote:
I know a financial adviser that previously worked at Edward Jones
Get your arse over here and let's do it.
Posted on 3/27/13 at 11:23 am to Broke
Waiting on that tax check 
Posted on 3/27/13 at 11:24 am to FelicianaTigerfan
Well what's the name of it?
Posted on 3/27/13 at 11:31 am to FelicianaTigerfan
I use ameritrade and its easy as hell. Dont pay someone to do it for you. If you know what you want just do it.
Posted on 3/27/13 at 11:42 am to FelicianaTigerfan
quote:
Waiting on that tax check
I knew you were talking about me. But it still shocked me a bit.
I'll probably try to talk you out of that stock anyway.
This post was edited on 3/27/13 at 11:48 am
Posted on 3/27/13 at 11:54 am to b-rab2
Sandridge Energy
Posted on 3/27/13 at 12:02 pm to FelicianaTigerfan
What makes you think this will "pop"? It has a really high P/E. Financials don't look horrid.
Posted on 3/27/13 at 12:09 pm to Broke
quote:
What makes you think this will "pop"?
Buyout?
Posted on 3/27/13 at 12:14 pm to Broke
Opinions vary on the Mississipian Lime Play but Sandridge has made huge investments in developing it. Its a new play and they seem to be the front runners in the development of methods to drill the Kansas portion of it. Seems the company got in some financial trouble making their move to get this started and the CEO has been pushed out because of it. If they stay the course im willing to gamble it pays off.
I dont really know anything about the O&G industry or stocks. Not sure how much production they would have to do to make their stocks rise but the MLP is predicted to last another 20 years in development so im thinking their success would only make the stock go up.
Also Phillips 66 just made a move to run a pipeline through SandRidge's main area so apparently they are buying into the future of the play also
I dont really know anything about the O&G industry or stocks. Not sure how much production they would have to do to make their stocks rise but the MLP is predicted to last another 20 years in development so im thinking their success would only make the stock go up.
Also Phillips 66 just made a move to run a pipeline through SandRidge's main area so apparently they are buying into the future of the play also
Posted on 3/27/13 at 12:20 pm to FelicianaTigerfan
quote:
Its a very high risk stock that is extremely low and im gambling that in the next few years it will be 10x its value.
What is "very high risk", and what is "very low"?
Posted on 3/27/13 at 12:27 pm to Ace Midnight
Posted on 3/27/13 at 12:29 pm to GenesChin
quote:
GenesChin
Typically that article would make it the time to buy right?
Posted on 3/27/13 at 12:31 pm to Ace Midnight
quote:This is just my guess. Steady falling stocks, CEO just removed, company has a lot of debt.
"very high risk"
quote:around 5 dollars a share. Some projections say it could get to a dollar. Highest its been is 40 I think
"very low"?
Posted on 3/27/13 at 1:03 pm to FelicianaTigerfan
quote:
Highest its been is 40 I think
The last time it was at 40 was the IPO
, since then it's share count has tripled, and it's a business that is extremely competitive and volatile. It's dog shite IMO, but I've gambled on long shots before, some pay off. Wouldn't put anymore in than I'd put on spin of the Roulette wheel.
Posted on 3/27/13 at 10:58 pm to FelicianaTigerfan
Lol. I own quite a bit of sd. Lots of chk as well. Funny thing is sd, has pulled back a bit and I have an order placed for tomorrow morning. Hate there is no div with it, but I'm long on nat gas and think sd will be a major player at some point.
Two other nat gas companies I initiated positions in this month were eroc (nice div) and pgh.
I might sell my position on rexx just cause I'm up over 30%
Two other nat gas companies I initiated positions in this month were eroc (nice div) and pgh.
I might sell my position on rexx just cause I'm up over 30%
Posted on 3/27/13 at 11:04 pm to Jp1LSU
All the insiders are selling. See Barron's article this week.
Posted on 3/28/13 at 1:43 pm to FelicianaTigerfan
quote:
What makes you think this will "pop"?
quote:
Mississipian Lime Play but Sandridge has made huge investments in developing it
And....I'm out. Sandridge may "pop" when NG comes back, but I highly doubt the Miss Lime will be the driving factor.
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