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Author: rolls20 One star, 50 posts CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122  
Subject: Re: Seems like a good board, anyone out there? Date: 5/15/2008 9:33 AM
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Welcome Boyfly and Raitzis.

As for investing goes, don't invest a dime in any company until you can do your research. I'm sure that goes without saying, but it's obviously worth saying again.

Before I ran into the Fool guides and website, I relied totally on my own perception of companies. I didn't look into financials or anything actually relevant to a stock's price. Quick story.

When I first started out, I only had $200.00 to invest. (Something to learn with.) I did a quick search for cheap stocks, penny stocks as I later learned was the term, for stocks under $3.00 per share. I came across Delta Airlines trading around $2.25 per share. I bought in for close to 80 shares. A little while later, the stock price had fallen to the floor, and the stock wasn't even trading anymore. I later learned that the company was going to be making a re-offering, or something, of the stock and the shares that I owned were worth $0. So I was out $200. A small price to pay for a lesson in research and following of the company.

As it turned out, Delta was in bankruptcy. Without knowing that, I invest only by thinking, "It's one of the biggest airline companies in the world. No way is it going anywhere but up." Boy was I wrong.
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