by Lawrence Sanchez

Created on: January 10, 2009   Last Updated: January 22, 2009

Stocks to avoid in 2009 ,well there are plenty. I am staying away from stocks such as (SIRI) Sirrius /XM radio. This stock was killed inthe delay by the Security exchange Commission to approve its merger. (SIRI) was at fourteen cents when Wall Street closed today January 9th 2009. With the companies debt building and its credit worthiness dropping its a real risk. The only good thing it has going for it is that its the only company that does what it does. I have owned this dog for over a year and have even bought it back twice to only increase my eventual loses.

The next stock that ticks me off is (Kbx) Kimber Resources . This stock looked promising back in March 2009 , but as gold dropped so did it . The problem is it does nothing it sits there it has no trading range . I hate stocks that cant be traded. This stock is been another example of a money pit with a brief illusion of being able to make some money on it. When you read the blog on this company you see how poorly this company has returned on investments.

Here is a perfect example of a company that went from over $22.00 to less then $1.50 in the last fifty two weeks . Do you think that this company might have poor management ? Or could it be they are selling a product that no one wants to spend money on in this tight economy. This culprit of money lost is (Liz) Liz Claiborne. I give this one a no buy . Liz has to many stores and to much product to possibly keep it out of the red in such hard economic times when people just are not spending like they used to.

What other disappointments can I warn you about. How about Citigroup (C) down over seventy percent in fifty two weeks . This stock is the United States Governments problem child that just can not seem to be fed enough money from the FED. To top it off it sells out to Morgan Stanley to try to save it self. I do not think that Morgan knows what a mess it really bought. Thank goodness Rubin finally resigned. My hunch is that with Citi's help Morgan too will be in equal or worst shape then it is already in by the end of 2009 . So in other words I am saying stay away from Morgan Stanley (MS) who's stock just happens to be down over sixty percent in the last fifty two weeks before they buried themselves with their (c) Citigroup acquisition . So let the buyers beware , these are not stocks being sold at a good value but in contrary they are valueless stocks that will damage your portfolio's.

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