posted on Sep, 6 2009 @ 06:56 PM
I hope your thread does well.
I heard about IndyMac here on ATS. A week before the FDIC came in on a Friday, someone here predicted it. The Tuesday after when shares were trading
down at $.08, I bought $2000 dollars worth of it. A month and a half later, I sold at $.16 a share doubling my money. It got as high as $.22 a share
before I sold but I was out of town and missed that.
I used to daytrade when everyone and their brother did also. Had stopped investing in the Market for a while after getting pounded.
My "Conspiracy" investment?
Genworth Financial (GNW).
They are involved in Reverse Mortgages. Reverse Mortgages will be big with the Baby Boomers retiring and their 401K's down. A housing slump means
they will reverse mortgage their house at depressed prices. Reverse Mortgage companies will make a killing in the next 15-20 years.
I chose Genworth specifically because they are a spin off of GE. GE is in big with the Obama Adminstatration.
Bought in around $1.50 a share, it's above $9 now. I expect $20 a share in less than 2 years.
Personally I wouldn't buy in at $9 now. I'm hoping for that shoe to drop that everyone here is expecting and get the DOW back down to 7000.
Hopefully I'll be able to get more GNW at $4-5 a share.
Look into the Reverse Mortgage industry, pick a quality/well positioned company and wait for a market dip is my tip.
The days of parents leaving an inheritance to their children are over. They will leave them debt in the form of a reverse mortgage.