Here's to the Low-Price Winners
You aren't supposed to make this money buying low-dollar stocks. Yet, in the last year, you've made a killing if you did so. That's right, if you bought a series of highly visible below-$5 stocks, you made fortunes, and I regard the moves as verification of my theory that everyone should have a speculation in his or her portfolio, because it can keep you in the game by making the process intriguing, and also because you can make huge profits if the story pans out.
Specifically, check out these gains. If you bought Sprint Nextel (S) in May of last year at $2.30, you have now much more than doubled your money. If you had purchased Clearwire (CLWR) at $0.91 as recently as July 26, 2012, you caught a triple after Sprint bid for the company. Those who had the guts to buy Supervalu (SVU) -- I know I didn't -- at $1.80 back in October 2012 are verging on a double after the investment made by Cerberus that was announced this morning. And finally, if you had taken a chance with Nokia (NOK) back in July at $1.69, you have more than doubled your capital after the company announced its sharply better-than-expected earnings today....479 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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