buying stock questions

#1
J

joevol320

Well-Known Member
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May 27, 2008
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#1
have any of you guys been buying stocks since the downturn? or are you guys still waiting to see how low it goes?
 
#3
#3
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.
 
#4
#4
I've been backing the truck up on some stocks. Some stocks are very cheap right now..buy low, sell high my friend.
 
#5
#5
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.
 
#6
#6
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
 
#7
#7
droski said:
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
Click to expand...
I backed up the truck on a few of those, primarily financial.

C treated me particularly well today.
 
#8
#8
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.
 
#9
#9
overseasorange2 said:
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.
Click to expand...

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
 
#10
#10
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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