IVAN- Dont worry about fundamentals, just buy it

It appears oil stocks are in their last legs of a clearly speculative year 2000-like BUBBLE.

You have already seen what happened to Pyramid and Mexco going from the single digits to double digits in a month.

Now I have one stock for you and thats IVAN. Dont worry about the fundamentals.

You can either buy the oil drillers at their 20-50 day moving average which will be good for a trade or two or just buy one of these highly speculative 1-3 dollar stocks that will balloon into the double digits in little time.

Dont worry about fundamentals, just buy it.

 

i might pick some up, love lotto tickets

 

Somehow I feel like we are in the final phase of the oil-bubble. This is the phase where the junk stocks start to jump like wild just like the tech bubble. I just watched as Pyramid and Mexco went through the roof. A $5000 purchase of Mexco at $5 would have yielded $40000 in return.

This is how guys made millions from thousands during the tech bubble. Those who were fortunate enough to be in early enough would use lots of margin. $10000 became over a hundred thousand literally overnight.

 

Problem with IVAN is that it's being pumped everywhere I look. That doesn't instill confidence.

 

Oil at $600/barrel is a bubble all else being equal.

this isn't even a pump

 

Best of luck to you.

I do think thats how a lot of people turned millions into thousands also

 

I thought this thread was a message to me.

 

-5% so far today

 

LONG at 2.66

stop at 2.54

 

still in this

conference call tomorrow at 11am , should be interesting

http://biz.yahoo.com/prnews/080602/to476.html?.v=40