Question:
Will big business penny stocks (and others) rise again?
?
2009-05-22 10:40:49 UTC
[[5/22/09]] Hello, I have some stocks in AIG, C, BAC, FRE, FNM (big companies which are now penny stocks) and I was wondering what I should do: whether i should buy more of some, or sell. I think that since these were huge companies, they SHOULD rise up again, which would make me good money eventually, for the long term.

I also have regently gotten stocks in solar stocks (SOLF, STP, JASO, YGE, LDK, TSL, and ESLR) and was curious about any recommendations about those. I believe those could probably rise quite a bit, since Obama might want to spend in solar also.

I also was curious about retail, and if I should start buying retail stocks yet (JCP,JWN, HD, LOW).

But I don't know too much, so I would like any information you guys could possibly give me.

Thanks in advance,
SK
Three answers:
Net Advisor™
2009-05-22 11:03:39 UTC
I am concerned that you are buying these companies for the wrong reasons.



Just because a stock was once high or a company was once big has no guarantee that this will occur again.
gulkis
2016-10-26 05:21:24 UTC
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2009-05-22 10:49:34 UTC
Well that all depends on the company. We cant just say all big business stocks will rise again because they were once much higher, thats crazy. If the business is failing, why would it rise? It all depends on each individual company. As far as Obama, he just lifted the ban on stem cell funding, so stem cell stocks are starting to rise. Once that funding comes out, well...


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