anyone thinking of buying lapband stock?

[rene2005 0]

I'm thinking of getting stock in this. It was at $63 a share. As more and more ins cos go up and then when medicare (i have medicare) will start to cover it I think its gonna skyrocket. Since like me, I have but on 50 pds from being sick for 6 yrs as a lot of people do who have medicare.

Rene

[gypj 3]

Sounds interesting but i'm sorta stock stupid...do you have to buy it as a bundle (like a minmimum 100 shares?)...do you need to use a broker?

*sigh* I wish I were more knowlegeable about these things...

[rene2005 0]

Hi, well i've never done it but you can buy as little or as many as you want. But it was $63 each so 100 would be $6300. Most banks have a person who you could go through probably for a small fee. I'm a scardy cat but if I'm thinking of doing the lapband surgery I would think lots of people would.

Rene

[Iluvharleys 15]

There are a few gals on here that bought stock a while back. You might do a search on it.

[MeganA 35]

I convinced my stock club to buy Inameds stock...it's IMDC on the stock exchange, I think. We have made over 30% on our investment, and the company was sold a few months ago so it will have a new ticker symbol when the sale is complete. I'm in the Johnson and Johnson trial for the Swedish band- the trial has another year and a half to go, but I'd snatch that up right about the time the study is done...I think, with their reputation, it's going to do very well.

Megan

[La_madam 20]

I bought 50 shares 14 months ago right after my surgery and it was 51.00 a share. 12$ a share profit in 14 months,

50x12= 600 ..Not bad for doing nothing

My stock broker told me any obesity related stocks are a good investment in the next couple years to come. With obesity at an all time high in the U.S. and many insurance companies finally coming around about coverage with the Lap band, I felt it was a wise investment

[Penni60 45]

Ok Michelle and Megan how would I go about buying some of this stock?

[rene2005 0]

Good for you! Just think when medicare covers it. How many types of lap-bands are there?

Thanks.

[Mariposa Bella 3]

Ok Michelle and Megan how would I go about buying some of this stock?

Yes, gals, please share the info so that we too can share in the wealth.

[Persimmon 0]

I bought 100 shares about a month after my surgery and I've earned about 30% on that...Inamed was recently acquired by another company and the stock was converted with a split (2 shares for every 1) plus about $30 on top of that because the acquiring company's shares were much lower than the Inamed shares so the split and the added $$ equalized it (or that's basically how my brother who's my broker explained it LOL)

Nancy

[GeezerSue 7]

like at Scottrade or one of the other discount brokers, you can open an accunt for $500. I think I opened my account with a whopping thousand dollars...or two. You can make small quantity purchases.

Each purchase costs either $7 or $12, the lower price if you just say "buy this," the higher price if you say "buy this at a price no higher than ___." So, the fewer shares you buy, the more it costs per share because of the commission. (ie--if you buy stock that costs $10/share plus commission, ten shares will cost you $10.70/share, a hundred shares will cost $10.07/share, because the commission costs are spread over more shares.)

I didn't buy Inamed, because I thought it had done its thing, but I bought Johnson & Johnson, since their clinical trials are over and they should be about ready to market their product. I made about $11/shqare, but panicked at the vioxx/Celebrex thing and sold. Had I held on, I'd have made another $6/share. But like my best friend says, "If we had ham, we could have ham and eggs...if we had eggs."

Happy trading.

PS--some discount brokers give free trades to members who send new members their way, so if you have a friend who trades, go through that person.

https://scottrade.com/