Penny Stocks Jim Cramer
Which of the following stocks should i invest in?
I’m looking to invest in several stocks, all surrounding the development and progression of computer hardware and computers in general.
I’m looking at apple which has been doing very well at around 190$. ticker: AAPL
Also looking at HP which is at around 52$, and has been going up extremely well in the past 3 years ticket: HPQ
Looking at Soyo which is a penny stock that i might invest in for the risky jump that it might start going big, ticket: SOYO
Wondering if investing in Google will be a good investment, Jim cramer thinks it’ll multiply by 5x again, within several years to 3500$.
Dell does not seem like a good option as apple is so effectively beating it.
Have not looked at IBM at all.
Please tell me what you think about all this, thanks.
First of all the most important thing I should tell you: Your portfolio does not sound diversified AT ALL. Everything you are asking about is tech. You want to put some money in something else.
Secondly, I will sound like a broken record saying “wait until it drops to _____” but all of the stocks you mentioned are currently testing their highs. All of those stocks are going to take a big drop in January like everything else. The stock market does it every year, just trust me. Buy them at their low… just leave your money out and make some interest for now.
AAPL is at it’s all-time high, you definately don’t want to buy now. Let it drop back as close to 180 as you can before you buy.
HPQ is going to continue to do well but wait until it drops near 48 to buy.
SOYO I don’t know what they do and the charts don’t look that great, terrible volumn. I would stay the heck away from it.
GOOG has always been too expensive and risky for me. If you are going to buy it once again I’d wait until it drops to 650. If things get bad it might drop to around 525-ish and you can pick it up at a real bargain.
I know lots of people who have gotten rich off of IBM, but the charts for the past year aren’t looking that great to me. You can get a lot more growth out of some of the other stocks you mentioned.
Jim Cramer Mad Money Stock tips and picks of the year EXTO.P
