Anyone Trade Stocks?

[Mr_Pat]

I have a about 5 G's of "play money" in the stock market. I just found a new stock yesterday, OG Nation www.ognation.com OGNA Check out there products energy drinks, malt liquor, ?Thug Snacks? They are marketing tords the ?Urban? youth, and "blinged out Hummers ". They just started to be publicly traded a few days ago. They came out @ about 3 bucks a share and it looks like a lot of initial investors took their profits and the stock crashed out to between 30 cent to 55 cents today. I bought them yesterday @ .93 cents a share. Today my wife bought 2000 shares @ .31

Check out their product line and I think they will do well right now its at a cheap price and just wanted to let you guys know about it.

good luck.

PS anyone else have any stock tips??? I need to make some money and I dont want to work for it.

[ssgharkness020147]

Originally Posted by Mr_Pat

PS anyone else have any stock tips??? I need to make some money and I dont want to work for it.

I'm somewhat qualified to speak on this subjec. Startups can be a great way to make money. The shares are cheap, so you can gain a good amount of money without to much of an initial invesment. Some are speculating that there is going to be another .com boom, due to the hige popularity of social networking sites. The problem with startups is that you dont know how long they will be around. We had a conference with a new startup last week, they offered a good product, the problem was when my dad got to the what happens if this of that does not go as you say it will part, the sellers eyes looked about the same as a deer staring down a pair of headlights. They had no contingency plan.

When it comes to my own portfolio the rule is simple. Be conservitive. My money is invested in "real" companies. Ones that offer a solid product, have a good game plan, and a good plan B. Costco, bestbuy, and walgreens are all examples of this. FWIW walgreens could be a good thing to buy if you have time to hang on to it. They got their asses handed to them a couple of weeks ago (too much growth, too fast) and the stock went down considerably.

While I'm at it I may as well throw a shameless plug in. If anybody is interested in buying in to the 5 star morningstar rated mutual fund (non-diversified) that our firm own/operates let me know, and I'll get you more info.