Check Out This Stock

I gennerally do not buy penny stocks but this morning when I was going through the financial news I cam across a biotech stock report that caught my attention.

"Palatin Technologies (PTN) announced that it has received a Notice of Allowance from the U.S. Patent and Trademark Office for its U.S. Patent Application Number 11/694,260, titled "Cyclic Natriuretic Peptide Constructs." Palatin expects the patent will issue in the second half of 2009; the patent's 20-year term would expire in 2027."

I had no idea the price of this stock having never heard if it, so I looked it up and it was selling at 0.27. So I bought a few thousand shares. At first it shot straight up until it hit around 0.40, where it is hovering now. After I bought it I did a little research and found out that last year it dropped from 2.00 to 0.05. I am not really sure what this means but I put a quote box with PTN in the sidebar. I am not trying to get anyone to jump on the bandwagon, just thought that if anyone was looking for a speculative stock with patent rights to a class of drugs that may become in demand.

Ford vs GM

I am fairly new to investing in the stock market, but I have been watching from the sidelines for years. One thing I do understand is a lot of investors utilize emotion to influence stock picks. GM and Chrysler went begging from money from the government to continue doing business and Ford did not, instead opting for a possible smaller loan in the future if the other two go belly up. That gives me more confidence in Ford. They are in better shape financially. If this is true, why is GM stock outperforming Ford. Is it just because people think the government Will bail out GM forever? They will be back asking for more money next year. The billion that they are getting this year is just to get them through this year. So, please if you know or think you know why GM stock is doing better than Ford please tell me. Leave a comment! I really would like to make money and stocks are cheap now. Tell me what you would buy or not buy. Tell if you would stay out of the market right now, and if so where would you put your money to get a decent return. I know people read blogs to get advice, but I read a lot of blogs and the comments are full of "this is what I am doing". Let me know!

Believe it or not! Stock Picking Robot

Technology is a wonderful thing. Who would have thought that two geeks would have invented a stock picking robot that doubles your investment. That's what they state and have many credible references to back them up. You should check them out here. I am going to give it a try. Even if it is right 50% of the time what would you have to lose. Plus they give you a 2 month free trial. The point of this blog is to retire early, and this may be the way.