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DigitalDisco (< 20)

Jumped Back In

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August 19, 2009 – Comments (0) | RELATED TICKERS: BBY , WM , GNBT

I jumped back in after a long sideline stint.  I had some shares of BBY left from a college job that I picked up through their ESPP that I finally offloaded.  I wasn't going to get back above water for awhile and there's too much money to be made now to wait for even.  My general watch list has fared pretty well through the downturn so I plucked some of my cheaper selections off of it to invest in.  I jumped into WM for its dividend, GNBT for its boom or bust potential, AKAM for its medium range growth (I'm personally looking at 1-3 years which is probably eons for serious investors but I'm still wet behind the ears), and AOB purely on a "Why the f*** not?" whim.  It's not that I don't like the company, but I have a romantic Wild West view of Chinese investing where rules don't always apply and logic sometimes has no place.

 

AOB replaced a company called Skinzwraps that trades OTC which I tried to purchase but abandoned due to TDAmeritrades secretive OTC trading policies (despite thoroughly sufficient funds in my account it wouldn't allow me to place any orders of any size).  This is one of those tiny, possible moon-rockets.  They do vehicle wraps, which is no big deal or new thing, but they looked at a golf ball one day and got an idea.  What I imagine to be several cocktails later somebody there decided to make a dimpled wrap to put on cars, which can improve gas mileage by up to 20% for regular vehicles.  This is a company claim, but it seems to be based on actual science unlike most crackpot inventions.  Maybe I've had too many cocktails, but if a trucking company picks up on this (or if Jesse James uses some of his B-list celebrity status now that he's bought into the company), I envision big things.  Probably not.  I'm still in my wide-eyed macro-phase of investing because I don't have the knowledge to rip apart balance sheets yet, but you've got to start somewhere.  Feel free to share your thoughts.

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