Time to buy Alcoa
I enjoy investing money in the stock market. It is a challenge, but if you're good, it can be pretty rewarding. I try to stick mostly to investing, as opposed to speculating, by looking for companies that provide good value. Sometimes I'll put some money into something because I think some short term event is going to drive up the price, but that is really just a form of gambling (another thing I like to do!). Anyway, if you want to learn about the discipline of investing (keyword: discipline), you should read The Intelligent Investor, by Benjamin Graham. If, however, you want to be mildly entertained (or extremely annoyed) by a complete fool, and flush your money down the toilet, listen to Jim Cramer. He's the idiot who has the ridiculous show on CNBC, I believe, where all he does is scream at the top of his lungs about any company for five seconds. He has no idea what he is talking about most of the time, and I can't imagine who would buy something just based on his (retarded) BOO-YA! Today I saw an article where he says that Alcoa is the worst big-cap stock in America. Considering I think he's a raging idiot, I almost want to buy it without even bothering to look at the fundamentals. Someone this stupid is just bound to be wrong. Of course, I won't actually do it. But as of right now, the stock is at $24.11. I wouldn't be surprised to see it hit $40 in 12 months, just based on my lack of faith in this clown. For what it's worth, I have my own stock picks listed here if you want to see them. I've only picked two losers in the last few years, and one was just one of those gambles on a buyout rumor. If I had just kept some of the ones I did pick (ELBO/GME, HCSG) for longer periods, I could have made a lot more. But I'm happy with how I've done so far. |
0 Comments:
Post a Comment
<< Home