It's How The Big Boys Gamble
I'm going to try and buy Washington Mutual (WAMUQ) Stock for $0.06 per share. I'm going to try and buy 248 shares. Cost: $14.88 + fees. So, for just over $20.00 I'm going to own 248 shares of this stock.
Currently, Washington Mutual is in bankruptcy. There are "$32.9 billion in assets and $8 billion in debt" to be bought up, hopefully by the U.S. Government. If so, it could jump the price of the stock to and estimated $14.00 per share.
I spent just over $20. If I were in Las Vegas, this could be a single High Roller slot machine or a pretty large bet on Blackjack for a single game. But, my stock market odds are better. If the stock sells for even $10 per share, I'll have $2480 dollars for my $20 investment. Awesome! If it sells for $14, then $3472.00. But the gamble is dependent on the Feds. This is Big Boy gambling. If it looses, I'm out a mere, $20.
I've also bought a little in Deutsche Telekom (DT) which is the same company as T-Mobile. I bought some of their stock because in November, they'll be launching the new phone with the Google (GOOG) Android OS to compete with the iPhone. I was going to invest in Google itself, but didn't have enough. So, I bought DT at about $14.00 per share, it's now at $12.00 but I'm hopeful.
Finally, I bought a few shares of AT&T (T), because I believe in AT&T. I've been with them since before Cingular. I've got a loyalty to them. Plus, I have an iPhone.
Currently, Washington Mutual is in bankruptcy. There are "$32.9 billion in assets and $8 billion in debt" to be bought up, hopefully by the U.S. Government. If so, it could jump the price of the stock to and estimated $14.00 per share.
I spent just over $20. If I were in Las Vegas, this could be a single High Roller slot machine or a pretty large bet on Blackjack for a single game. But, my stock market odds are better. If the stock sells for even $10 per share, I'll have $2480 dollars for my $20 investment. Awesome! If it sells for $14, then $3472.00. But the gamble is dependent on the Feds. This is Big Boy gambling. If it looses, I'm out a mere, $20.
I've also bought a little in Deutsche Telekom (DT) which is the same company as T-Mobile. I bought some of their stock because in November, they'll be launching the new phone with the Google (GOOG) Android OS to compete with the iPhone. I was going to invest in Google itself, but didn't have enough. So, I bought DT at about $14.00 per share, it's now at $12.00 but I'm hopeful.
Finally, I bought a few shares of AT&T (T), because I believe in AT&T. I've been with them since before Cingular. I've got a loyalty to them. Plus, I have an iPhone.
Labels: business idea, challenge, Government, income, money, money maker, stocks
1 Criticisms:
You have an iphone?!? How cool are you?
Okay, anyway, happy buying and I hope that it pays off big for you Andy. You deserve it.
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