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Cereplast - nobody invests $ 5M for fun?

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September 19, 2012 – Comments (3) | RELATED TICKERS: CERP

Institutional investment firm Ironridge Technology Co. of San Francisco have just made an $5M investment in Cereplast. Although Cereplast are struggling, it seems unlikely that they would do that without thoroughly investigating the company and it's future potential. What's your opinion?

I have just bought stock in Cereplast 5 days ago!

3 Comments – Post Your Own

#1) On September 19, 2012 at 11:50 PM, awallejr (82.46) wrote:

Well conceptually it is kind of cool. Only 1 person in caps red thumbed it and was the only person to make points off the pick heheh. But if you tell me you bought it as a spec play I would say go for it.

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#2) On September 20, 2012 at 3:21 PM, chk999 (99.98) wrote:

Interesting idea. It is a very small company, so the stock will be volatile. Fun money only.

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#3) On February 13, 2013 at 11:52 AM, Teacherman1 (48.55) wrote:

Remembering passing on SIRI when it got down to $0.08 per share, and kicking myself for not at least taking a "small money gamble", I decided to buy some today at $0.04 per share.

I was able to do this only because I opened a second brokerage account with Trade King, which will let me invest in just about anything, but some only with "limit orders".

This could go up in smoke or it could pay off like a slot machine.

The Italian Govt. just passed legislation requiring all companies in Italy to switch to bio-degradable plastic bags, and since they have an Italian plant, could pay off for them.

This is absolute pure out and out speculation, but for the little I gambled, why not.

Would not advise anyone else to do it, unless you expect to lose your money.

Day traders are running it up and down a penny at a time, but with the Italian Govt. announcement, they seem to be having trouble getting it as low as they want.

It is OTC and not rateable in CAPS, but even at my advanced age, I still like to take a "roller coaster ride" from time to time.:)

JMO and worth exactly what I am charging for it.

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