March 5, 2009

The Latest Craze: Blue Chip Penny Stocks


Here’s a short list of only the highest quality, bluest of blue chip, penny stocks:
  • AIG (39 cents)
  • Citigroup (98 cents)
  • E*Trade (66 cents)
  • Fannie Mae (39 cents)
  • Freddie (39 cents)
  • Unisys (37 cents)
Given the trading volumes, you might think these were real firms or something!
Now, for the not-quite-penny stocks:
  • Ford ($1.83)
  • GM ($1.83)
  • Las Vegas Sands ($1.97)
  • MGM ($1.99)
  • CIT ($2)
  • Kodak ($2.50)
  • Bank of America ($3.15)
  • New York Times ($4.00)
  • News Corp ($6.15)
  • Xerox ($4.36)
  • International Paper ($4.22)
  • Alcoa ($5.55)
  • GE ($6.75)
  • Dow Chemical ($6.56)
  • Wells Fargo ($7.95)
  • Dell ($8.50)
It looks like American Express ($10.83) is one of the few double digit stocks . . .by