"Lottery" Bet on C

Discussion in 'Stocks' started by lpchad, Mar 18, 2009.

  1. lpchad


    Just curious - how many of you took a "Lottery Bet" on C when it was near a buck last week expecting that either you would lose it all or make a substantial profit as it had no where to go but up?

    A 2-3K position would be a small risk for a substantial reward for most accounts.

    This is against all my rules of course, but I will admit I picked up 1,000 shares for the heck of it. Wondering if others did the same. Complete gamble of course but again, not really risking anything substantial.