Playing Stocks in a Turbulent Market

Since November I’ve been playing in the stock market trying to hit some small jackpots in the “penny stock” department (penny stocks are those that trade for anywhere from a few pennies up through a few bucks). I’ve actually been doing pretty good except for losing a few bucks in an ill-timed investment in General Motors (thank you, GGL). Anyway, I thought I would give a brief update of where I’m at with my investing and which stocks seem to be “doing it” for me.

I made a few bucks buying Bank of America last week and Barnes and Noble in December and January, but the real winner for me has been Sirius XM satellite radio. I bought this stock (a LOT of this stock) when it was ranging between 11 cents and 16 cents. Less than 2,000 shares overall, but still a decent amount. Today the stock closed at 35.7 cents a share so I’m doubling some of my money and tripling some other money. My only regret with this stock is that I didn’t go “all in” when it hit 5 cents a few months ago. Just think, if you invested $1,000 in the stock when it was 5 cents, your share would be worth over $7,000 right now!

Anyway, no point in crying over spilled milk – especially when I’m still up 163% on my initial investment in the company! Ford has also been a winner for both me and one of my roommates who decided to invest in it. And Alcoa (an aluminum making company) has provided more than a 30% increase in the last week.

Now that I’ve dropped GM completely the only negative returns that I have in my portfolio are Martha Stewart Omnimedia and THQ, Inc. Omnimedia is the parent company for all of Martha Stewart’s various subsidiaries (and Emeril Lagasse, too). I think this stock is poised for major growth in the coming 12 – 18 months and buying it right now at $2.31 per share might pay big dividends in the future.

As for THQ, Inc., this is the video game company behind the wildly successful WCW/nWo and WWE video games. They also have the rights for Disney/Pixar video games, too. I think this is another company that has a good long-term earnings potential ahead of it and it’s one that I just bought heavily into (in my world, heavily is a hundred bucks or so!).

Just thought I’d share…and see if anyone has any decent stock tips out there!