The Bad Side of Speculation - BIIB
By TheWild1 at 12 December, 2007, 8:58 pm, Categories : Financial Markets
You know how mad you get when you realized you missed out on a buyout. There is nothing better in the financial world then sitting on a stock that is climbing 10+ points in 1 day. Most of the time people read about it on the front page of their favorite stock market news site, and it is already too late, but what about those stock that go down 10+ points in 1 day.
The ones that usually make money on the stock usually come across some tip or see the shaky figures of the company. Either way these traders invested in the stock on pure speculation. Majority of time you only see the ones that work. Well if you check out Biogen (BIIB) in today’s after hour trading, then you can be reminded how risky these speculative stocks can be.
Basically Biogen was unable to find a bidder, and right now most people cannot do anything about it until the market reopens tomorrow. The key is to remember there is no such thing as a sure thing, especially when it comes to the stock market, and remember those people that made fast cash through the last buyout take a risk that can make them lose fast cash like on this speculation.
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tips are for waiters, which is why i use a combination of charts, earnings, beat downs, volume and liquidity to determine when to buy and sell. It sucks when you get it wrong but when you get it right…it’s a beautiful thing.
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yes it is
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