anybody follow stocks?

[aribragin]

anyone here follow stocks? i was thinking of putting a small amount in the market, and maybe double or triple it in a few months or so....i was told ford stocks will skyrocket soon because of it new gas efficient eco friendly cars that are being made for the next few years...

[jeffweico]

Hmmm.... I have a decent sized 401k portfolio that I watch, but I am not a guru by any means.

Having said that, I would be skeptical. Yes, it is possible for you to double or triple your money in a few weeks or months, but it is also possible to lose money.

At the end of the day, what Ford comes out with does not matter so much as how well it will sell and how profitable it is for Ford. A lot of that will have to do with gas prices and how much the car sells for. There are many fuel efficient vehicles available these days, but they are expensive, so they tend to sell in small numbers. The higher the price of gas, the more sales they make.

If you will not need this money in the near future, and you can afford to lose it, it does not hurt to try. But if you have a need for that money in a few months, or if you cannot afford to lose it, I would stay away from it.

Just my opinoin...

[cardfelon]

Right now BP stock is going back up after it took a nose dive. The last 2 days have been very good for them. Only thing is they are going to get hit with a record fine for the whole oil spill so hard to guess on that one. I by no means am a master at the stock market.

[jeffweico]

I think that BP would be a good long-term investment, but they will be dealing with the fallout from this oil spill for years...

However, I dount they will go under. They have an enormous cash flow, and can probably pay for all of this - but that will take time. The politicians will beat their chests and make some harsh speeches about BP, but at the end of the day a BP bankruptcy would not be in anyones best interest.

As far as the stock price goes that will not likely recover anytime soon. It will go up and down, but I don't think investors will bid up the price until they can see some light at the end of the tunnel - which is probably years away.

Just my opinion.

[teedon]

from the tv news,BP will invest 40millions dollars for this issue they caused.