Analysis of Forex Trading, Financial Markets, and Economic Policies
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There were two tumbling stocks that caught my eyes one year ago: Citigroup and Ford. Both dipped down to the $1 range. Buying these stocks at that time was risky due to the high levels of uncertainty, the financial meltdown, and the high probabilities of bankruptcy. Additionally, these stocks were in the two worst possible [...]
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There are some stocks that just can’t be worth $1 (or some number around this). These stocks either goes to zero or it goes well above zero. I’m going to use Citigroup as my case-in-point and then extend the argument to Bank of America. Citigroup’s stock reached a low of $1.02. Now, at the current [...]
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