Don’t say we’ve never done anything for you. All of you probably remember this little gem we did back in early July. Well, if you listened to your ol’ pal Hank the Bank and invested $100 in each stock, you’d have a nice little profit of about $2.27 right now. That’s right. Two Dollars and Twenty Seven Cents.
Your best play would’ve been JetBlue Airways Corp. (Nasdaq: JBLU), which jumped from $3.68 to $5.66 and brought in a profit of $53.46! YEAH! WE KNOW! The reason was oil dropped on lowered demand, mainly from the U.S. Other countries started following suit. So, if you’ve been thinking, “Hey, gas is almost in the high $3-somethings again, I think I’ll start driving!” Think again. Also, we would not like to point out that we said last month that we didn’t think that oil was going to drop…BUT ANYWAY!
Washington Mutual, Inc. (NYSE: WM) sucked donkey marbles. The stock plunged from $4.93 to $4.10, representing a loss of $16.60. The Securities and Exchange Commission, which actually came out and admitted it hadn’t been doing its jobs against naked short sellers, decided to leave WAMU off the list of protected financial stocks. WAMU got hammered as illegal short sellers narrowed its sight on the bank with free checking. Mortgages also had their turn at the bank too.
As bad as it was, WAMU has been dandy compared to the poop-flavored smoothie that is Jamba, Inc. (Nasdaq: JMBA). This stinker has never made a profit for nobahdy. It started a nosedive the second it became public. It plunged from $1.62 to $1.04 (and we think it hit under a buck in after hours trading today too!), and taking nearly 35 of your hard earned dollars with it. What’s worse, management was forced out last week and they had to delay reporting earnings for a week.
Lastly, Ford Motor Co. (NYSE: F) stayed relatively the same going from $4.71 to $4.72 bringing in a nice profit of … wait for it…. 21 CENTS! WOOHOO!
We hope you enjoyed this amateur hour of Stalk Tock. Get it?! Bleh. Why don’t you go buy some WAMU, you piece of Jamba.
Hopefully, we’ll return with another edition of this relatively horrible read with other stocks that may or may not suck. Payce.
Also, it bears repeating: it is vital that you understand that I don’t know what I’m talking about here. So if you’re looking for investment advice, you’re in the wrong place. I am not, nor have I ever been, a licensed professional. But… if you’d like to give me all your money to manage, I’d gladly bet on “Red” for you.
haa ha i like the “go buy some WAMU, you piece of Jamba”.
i know you say you are not an expert at this but…i have come to the conclusion that at least u write funny blogs about stocks!
hmmm…yay for the under $5 stocks that made a profit!
Comment by thehurt85 — August 19, 2008 @ 10:48 pm
that was my favorite part too!! not to jamba-y, hankthebank
Comment by tinmaker — August 20, 2008 @ 10:50 pm