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For all you value investors out there, take a look at "Long-term Equity AnticiPation Securities" or LEAPS. Instead of buying the stock itself, buy a call option that expires more than a year from now. That's all they are. Long-dated stock options. So you could buy 100 shares of stock at $12 for $1200. Or you could just buy say $200-300 on a long-dated call option and limit your downside risk to just $200-300 while taking advantage of unlimited upside potential in addition to the leverage such a security gives you. Leverage as in, for every 1 point move up the stock makes, the option may go up two or three times as much. With $1000 you could get exposure to 3 stocks and still have some cash left over. Otherwise, if you are just going to buy the stock itself, you really could buy much. If you wanted 100 shares, the stock would have to be less than $10, you could only really buy 1 stock. Anyways, google it.
LEAPS
Also, I highly recommend this book, basically the holy bible of stock options which I think are more exciting than stocks.
Options As A Strategic Investment by L. G. McMillan
http://catalog.ebay.com/Options-Str...d=p3286.c0.m271
Don't even think about touching options until you get this book.
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