How to Best Invest $1,500: Go Cheap or Go Big?:
NEW YORK (TheStreet) -- If you look around the Internet, you find no shortage of writers and message board regulars pumping the snot out of low-priced stocks such as Alcatel-Lucent, Frontier Communications and Sirius XM.
As I noted Monday in an article where I discussed selling two low-priced stocks, including SIRI, and long plays on two others, there's nothing necessarily wrong with dipping into the sub-$5 netherworld.
As long as you take bullish touts for the ALUs, FTRs and SIRIs of the world with a grain of salt and limit your exposure, there's no reason not to take part in this type of speculation. Who am I to tell you that my bull case for an investment in Nokia carries any more validity than the conviction that underlies your long position in ALU, FTR, SIRI or some other sub-$5 stock?
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Click to view a price quote on NOK.
Click to research the Telecommunications industry.
NEW YORK (TheStreet) -- If you look around the Internet, you find no shortage of writers and message board regulars pumping the snot out of low-priced stocks such as Alcatel-Lucent, Frontier Communications and Sirius XM.
As I noted Monday in an article where I discussed selling two low-priced stocks, including SIRI, and long plays on two others, there's nothing necessarily wrong with dipping into the sub-$5 netherworld.
As long as you take bullish touts for the ALUs, FTRs and SIRIs of the world with a grain of salt and limit your exposure, there's no reason not to take part in this type of speculation. Who am I to tell you that my bull case for an investment in Nokia carries any more validity than the conviction that underlies your long position in ALU, FTR, SIRI or some other sub-$5 stock?
...
Click to view a price quote on NOK.
Click to research the Telecommunications industry.
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