I took a position two days ago with my retirement saving. Now I made about $20,000 on paper. Thank you for all your advice. Still think diversification is good for some people. I know this theory is widely preached in every school of finance. Sorry but not for me. This investment is better than my CD earning only 0.85%. I know it is risky. But hey, tell me what's not risky these days. Even U.S. Treasury bond is risky! You may be richer than Uncle Sam now!
First purchase of AKS was at ~$6 per share after the crash in 2009, sold the entire stake from $23 to $25 a year or so later. Second purchase of AKS, I started loading in ~August of 2011 at $7 per share. Continued loading all the way to $2.80. Caught a lot of $%^& from a few morons on this board but I knew eventually it would pay off. Merry Christmas.
I am really lucky to get in two days ago just before this explosion. Thanks guys for your advice. I went all the way with my saving. I am up more than $50K now just a few days of looking at my computer. Far different from the days of working in factory! See you at $10 in two weeks or less!
Uncle Sam is 16 trillion dollars in the red! Would you care to lend money to Uncle Sam, i.e., US Treasury Bond? That's why i say you may be richer than Uncle Sam. Don't know if this statement is true or not, but in my own limited thinking (sorry only high school level), I think you and I may be richer than Uncle Sam.
lkjdil029 . I agree with you I own 125,000 shares in AKS between $2.81-$4.01. if you believe that AKS will be higher in 1-3 years then add more shares . your account will go up and come down .Just don't be a day trader and you will be very happy . I am holding for AKS to be between $25-$30. chances like this are hard to find in the stock market. good luck to you