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About this Page -- This is a discussion on buying stock questions. within the forum Politics. have any of you guys been buying stocks since the downturn? or are you guys still waiting to see how ...

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Old 12-03-2008, 02:23 PM   #1 (permalink)
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buying stock questions

have any of you guys been buying stocks since the downturn? or are you guys still waiting to see how low it goes?
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Old 12-03-2008, 02:23 PM   #2 (permalink)
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i've bought some, and will buy more after the new yr
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Old 12-03-2008, 02:25 PM   #3 (permalink)
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i've been thinking about it... it's just so crazy right now, i don't know what to invest in, so i haven't yet.
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Old 12-03-2008, 02:26 PM   #4 (permalink)
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I've been backing the truck up on some stocks. Some stocks are very cheap right now..buy low, sell high my friend.
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Old 12-03-2008, 02:29 PM   #5 (permalink)
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what stocks have you guys bought? i've looked at some large cap insurance companies. i found a few that have a solid portfolio and didn't lose much money when the real estate companies when down.
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Old 12-03-2008, 02:34 PM   #6 (permalink)
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the market is ridiculously cheap. as long as you have a long term time horizon i would back up the truck.

I like

MER, AIV, C, UYG, AIV, CX, CHK, NE, INTC, CSCO, MSFT, QLD
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Old 12-03-2008, 03:54 PM   #7 (permalink)
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Quote:
Originally Posted by droski View Post
the market is ridiculously cheap. as long as you have a long term time horizon i would back up the truck.

I like

MER, AIV, C, UYG, AIV, CX, CHK, NE, INTC, CSCO, MSFT, QLD
I backed up the truck on a few of those, primarily financial.

C treated me particularly well today.
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Old 12-04-2008, 01:36 AM   #8 (permalink)
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I bought CHK and also picked up some GM for $2/share. I like chk much better though with a P/E of 4. This stock was selling for over 70 within the last year. It currently trades for about 15. I just think this stock has been unwarrantly slammed.
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Old 12-04-2008, 08:47 AM   #9 (permalink)
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I bought CHK and also picked up some GM for $2/share. I like chk much better though with a P/E of 4. This stock was selling for over 70 within the last year. It currently trades for about 15. I just think this stock has been unwarrantly slammed.
You are right... The CEO was buying his own stock on margin, and when it started to go down, he got margin called and totally wipped out. He was forced to sell tens of millions of shares
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Old 12-05-2008, 12:46 PM   #10 (permalink)
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HIG is being very good to me right now, but I didn't really buy in enough to really capitolize on it.
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Old 12-05-2008, 12:55 PM   #11 (permalink)
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HIG is being very good to me right now, but I didn't really buy in enough to really capitolize on it.

wow up 78% today, nice move
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Old 12-05-2008, 12:57 PM   #12 (permalink)
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wow up 78% today, nice move
Sold at 85%.
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