Alrighty.. instead of buying christmas presents for friends and family i'm going to invest and horde my loot.
my current favorite stock pick is OCZ technologies, (stock symbol is OCZ)
many people recognize them for their memory and psu manufacturering.. not too long ago they had their IPO 26.67 million shares... and it only hit $6.25 a share.. it dropped to aorund $4.00 which is where i bought it.. then it slipped down to about $2.. since then it's back up around $4.00.
Now.. memory makers have been in a tight price war where most of them are barely breaking even or losing money on manufacturering them.. So why do I like OCZ so much? Because of their Solid State Drives. right now they are making some of the fastest and best solid state drives.. they are coming down in price that more and more laptops and tablets will come with them. they are smaller, use less energy and are much, much faster than regular hard drives. right now you can get a 120GB SSD that is really fast for $250. I expect that price to be cut in half in the next year.. you can get slower ones for cheaper too, which is what we'll be seeing in netbooks and tablets..
right now the big makers of these are Intel, Kingston and OCZ.. if OCZ can land some contracts they should be golden. their debt is a bit high but not anything crazy.
I would recommend purchasing it at it's current price and holding for atleast 2 years. (or you get the return you are looking for) but i think this stock in 2-3 years will be worth 5x what it's trading for now.
What are you stock picks right now?