View Full Version : quick cash stocks - which one????
11-13-2002, 02:21 PM
What stocks should I buy for the month of November to earn some quick cash in a month.. by selling in a month or so??
sorry.. I didn't know where to post this
11-13-2002, 02:48 PM
If you're looking for quick money you are always going to have to take some serious risks. Don't invest what you can't afford to loose!!!! The real power in the stock market is the LONG run (think 10 years...okay at least 3) I have about 32 stocks that I like for long term (and short term to some degree growth) I will try and mainly focus on the short term in this article.
If you want to make money in the short run (4-7 weeks) the golden rule is TIMING IS EVERYTHING!!! I cannot overemphasise this. It's well known that stocks seriously fluctuate. You must take advantage of this. Find an undervalued stock (I can give you a little advice there) and buy when it's on one of it's down cycles (at the bottom not when it just starts going down. Find out how long it's avg fluctuations last) When it's up SELL!! Don't be greedy because you will LOOSE if you do. Also this isn't a slot machine, don't be afraid to get rid of bad stock. Don't go down with the ship. That's all for today.
Anything shorter than 4-7 weeks and your going to need to be Martha Stuart. J/K
11-13-2002, 04:37 PM
walmart stock is going up up up! I heard that it has already split 3 times in less than 6 months.
11-13-2002, 06:10 PM
not to be too sarcastic here, but if you need some quick money, sell some plasma.
unless you're very lucky and extremely knowledgeable about the market (or if market conditions are like they were back in 98-00), you're likely to make nothing or lose your shirt.
and quite frankly, with the market where it is right now, you're much more likely to take a big hit rather than making a buck.
if you still decide that you need to invest for the short-term, follow infinitenothing's advice -- it's the best that i know of. just remember that even if you find legitimately undervalued stocks (vs. stocks that everyone says are undervalued but are actually crappy stocks), they won't necessarily undergo a price correction in the next month. it could easily be as much as a year.
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