soen
2006-10-15 23:40:14 · 4 answers · asked by arntyouupforit 1 in Business & Finance ➔ Investing
I wouldn't but it's up to you.
It's a startup and in a 5 month downtrend. On this bounce, chances are that it won't even break 1.30. If anything, I might short sell it depending on what you expect the company to do.
In any event, there are a LOT of other stocks that probably will give you a better return for your investment.
Good luck!
2006-10-17 18:11:03 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
I would not use the word invest with this company. Speculate is a better term to use. It is a start up. Who knows how successful the company might be. Since it is a Chinese company and not listed on an exchange, there is no financial data available to asertain the financial structure of the company.
Buying stock in the company would sort of be like betting on 27 on the spin of the roulet wheel.
2006-10-16 00:29:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Don't accept specific financial advice (ie to buy a given investment) from anyone who approaches you without you asking. If you won't be paying someone a transparent commission to act for you or advise you, ask yourself who DOES pay them, and therefore in WHOSE interests they are acting.
Don't buy shares in a company that you only know about off the internet. Always try to find some independent reference to their business, eg in the financial press.
Don't buy shares that aren't listed on an exchange that you would trust.
A few people get rich doing those things, but a lot of people get poor.
2006-10-16 04:06:56 · answer #3 · answered by gvih2g2 5 · 0⤊ 0⤋
DNA, LLTC
2006-10-15 23:42:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋