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The Two Money Makers in the Market
The Story That Got You Interested in Stocks
On Nov. 19, 1984, you could have picked up shares of the emerging biotechnology firm Amgen, Inc. (AMGN: NASDAQ) for $3.63.
Those shares rose steadily for the next 20 years and were worth more than $85 as recent as 2005. Taking into account Amgen’s five splits over the past 23 years, you can knock that original 1984 price down to about nine cents a share.
It’s almost impossible to believe that a company that would cost you pennies could turn into a $100 billion pharmaceutical giant specializing in the treatment of rheumatoid arthritis, anemia and…
4Sep2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in Biotechnology: One Market Is Always a Bull Market
It’s getting tougher and tougher to find safety. The tech sector is getting hit. Formerly high flying overseas are giving back some of their handsome gains. Even with oil prices hitting $100 a barrel again yesterday, the entire oil sector is off about 10% for the year.
The bears have had their way. And, frankly, there aren’t too many drivers out there to help get things turned around. However, that doesn’t mean there aren’t opportunities; they’re just getting tougher to find.
But as all of us have learned the hard way, if you’re not looking in the right place it can be…
21Feb2008 | Anonymous | Comments Off | Continued
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