Bank IOU's - New Investments

Markets took a bit of a breather today as the Dow closed down just under 100 points after a week of rallying. At this point, it's hard to speculate much past profit taking as there was nothing too significant released today. However, government officials are now claiming that indeed they may not need all of the TARP money. Really? I find that hard to believe. Considering the trillions worth of delinquent debt for banks has just magically vanished, I am sure that money has been hard at work.

Secretary Geithner seems to think that the remaining unused TARP funds can be used to pay down government debt, considering that the Treasury expects a "significant" amount of repayments being made on behalf of the banks in the coming weeks. I am quite skeptical of financial institutions who were considered on the verge of collapse not more than 7 months ago, all of a sudden able to completely free themselves of monetary assistance. If so, you know there has been a lot of money made under the table the past few months.

I have discussed in other posts about my involvement in some penny stocks, as I like to put some strong risk/reward plays in my portfolio. One in particular has been on fire as of late that I thought I'd share with you. Imaging3 (IMGG) has soared from $.03 to $1.22 in just a couple of months. The company manufacturers a portable 3D medical imaging device that is to be used in hospitals and medical clinics. Lately, it has been released that the machine will become FDA approved, which has been a big cause of the recent jump. How much higher this stock will go, I have no idea. I thought it was done at $.60. I just thought I would let you know that it's been moving and I'm reaping rewards because of it. I actively invest other strategic IPO penny stocks, shooting for high returns. I am currently investing in a new Solar start up that has some pretty impressive technology. If you are interested in investment, email me and I will point you in the right direction. I see a lot of potential with this company.

Practice Investing Without Risk

I don't see a big reversal quite yet unless a huge change of sentiment comes. There are several economic factors that currently exist that could ignite that change. In fact, we are dangerously flirting with an absolute crash of the dollar, which would be devastating for our economy. Not only would that put enormous amounts of pressure on the consumer, but it would also put an end to foreign nations buying our debt. At any rate, much of the economic noise of our economy is muted from government stimulus, but it has definitely not gone away. For me, patience will win out and big opportunities are ahead. Happy Trading.

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  1. Anonymous Says:

    whats your email?

  2. Finance Fanatic Says:

  3. McBalls Says:

    I'd like to congratulate you on finally being long this market.

  4. Finance Fanatic Says:

    Im not long, I'm just not fully shorting until some of this stimulus is used up.

  5. McBalls Says:

    FF, what are u talking about. Aren't u long a medical device company and a solar start-up? Isn't your overall portfolio net long? So i'm congratulating on that.


    I would run away from anything related to banks.