You Ask, Altucher Answers

I've been responding to a new batch of questions posed by members of the Stockpickr community on Stockpickr Answers.

Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are a couple of questions to which I've recently responded. (Note: You may have to scroll through several answers to see my response.)

• I have a few stocks in my portfolio and most of them -- except for Freeport-McMoRan (FCX) -- are going down. Here's the rest of my portfolio: Apple (AAPL), Google (GOOG), Level 3 (LVLT), Goldman Sachs (GS), Trinity Industries (TRN), Rite Aid (RAD), Celgene (CELG) and ConocoPhillips (COP). I actually am looking for a stock for a quick trade. Any plays?
  Click here for Altucher's answer to this question.
• I recently received an email recommending a 65-cent stock. I have no idea how they got my email address, but I looked into the stock, Legacy Mining (LEYM.OB). The company has no key statistics only news that it's acquiring a mine in China. Would it be a good idea to invest just $100 in this company?
  Click here for Altucher's answer to this question.

For an archive of James Altucher's Stockpickr answers, go to www.stockpickr.com/answers/ and type "James Altucher" under "search for questions." Select "Username - Answered" from the dropdown menu at right, and click "search." The most recent questions will appear first.

At the time of publication, Altucher and/or his fund had no positions in stock mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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