The NYSE website wasn’t taken down as promised by the protest group Anonymous. Nevertheless, we decided to cut our losses on 3 stocks that weren’t expected to go far in the short-term:
CO, DEER and ELON.
We were pleasantly surprised to see the infamous Wall Street trader George Soros become connected to one of our stock picks, Sandridge Energy, (NYSE:SD) .
SandRidge Energy: Market panic creates opportunities if you know where to look and SandRidge Energy just may be that post-panic buying opportunity you are looking for. Though creative financing is one thing, SandRidge Energy have never run into a problem before and the results have been staggering. In July 2011 SandRidge Energy was at 12.00 a share. Since then, as investors worry are staying clear of the debt markets, the price has been driven down to under 5.00 a share in a classic panic selling – as you can see in this article. SandRidge Energy is accumulating land for oil development along the Mississippi and has a target of one million acres by the end of the year. The company has just picked up its second parcel and has leveraged the purchase bringing the total asset to just two hundred thousand acres, having partnered with Atinum Venture Capital to develop the land. To make a long story short, SandRidge Energy’s initial investment of $200 million will result in assets totaling over $3.85 billion. That is a pretty good return on investment by any standard and in any economic environment. The trick to investing wisely is to buy when everyone else is selling and this is one stock you should be buying.
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