Stock Market?
I'm a highschool senior, and we're trying our luck at the stock market... what should I invest in? I need to buy something low, that will go up soon... Any Ideas?
Public Comments
- Gold is always a good way to go.
- Haha... you seem to be asking for inside information. Whic if you recieve in someway, and make money of it, its illegal... You wouldnt want to become a a martha stewart! haha But hey, do some research, a lot is common sense, I.E. popular game releases boost the stoc value of the company... like halo and microsoft, smash brothers for the wii, and the new GTAIV... aside from gaming, in the housing slump that we are now people are only buying the nessecities, so retail is not the best idea, unless you seek to buy stock in huge corporations like walk-mart, and costco, all which have significantly gained value because of the rising oil prices. Look at what people are spending money on... i myself have bought stocks in utility companies, and tech corps, they have remained steady, some have gone down a bit. I cant tell you much more there, cause well... its a competitive market. If your only in high school though, its a good time to buy if you have time to wait, the market is not a short term way to make money unless you can invest a substansial amount of money and time to trade when nessacary. But buy something cheap, in a corp that you see people will keep needing to pay for their product/service. do your research and keep up with world news though, you'd be amazed of how much little things could affect the market.
- buy Visa, ticker V. It has done very well since it went public, of course I don't know future, but if you compare it to MasterCard it has a long way to run.
- Rather than gambling on something low that might go up soon, you should be looking to get into a stock that is going up. If it's low, who's to say it's not going to go lower? Don't throw good money after bad. You're much better off investing in a company that is already proving itself. Then, buy in at the proper time using time-proven chart patterns. One fairly easy chart pattern to use is the cup and handle. Take BHP Billiton for example (stock symbol BBL). It has been forming a cup for the last 6 months and is currently forming a handle. You'll notice it has had several jumps up in price on high volume. This is a good sign and typically points to institutional buying, which ultimately drives a stock price up. Also, volume has been drying up in the handle...also a good sign. If it were to shoot up past its last high a few weeks ago of 76.77, statistically speaking, that should be a good time to buy.
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