James Stewart says:
No two financial crises are exactly the same. There are times to be an observer, watching from the sidelines. And there are times to act. A week ago Monday, when the Dow Jones Industrial Average plunged 788 points after the House rejected the proposed $700 billion rescue legislation, the Nasdaq Composite dropped through my latest buying target… (Click below to read the rest of this article).
Now, for my thoughts on purchases. Here’s my current list. You do your own research and see what you want.
NXG – Northgate Minerals
HPQ – Hewlett Packard
WB – Wachovia (Yes I am a bit risky).
BA – Boeing
SBUX – Starbucls
BGP – My Borders group has always paid nice dividends
DELL – I just like Dell.
VMW – VMWare has my favorite Virtual Products.
TLK – PT Telekom has a lot of opportunity
PCU – Southern Copper – I just see Copper being important
YGE – Yingli Green
TGB – Taseko Minerals
SIRI – I am serious abount Sirius. Even though they aren’t going to make money for a while…
PBME – Pacific Biometric has some really great ideas that I hope they cash in on.
VIAP – This pharma company looks like it could do something.
GRUBB – I had to get some exposure in real estate.
YHOO – Yahoo. I still believe! And they are pretty darn cheap right now.
As always, do your research. Some other great stock that is just plain on sale right now are: AAPL, GOOG, TGT, BKS, HOG (although, they are hurting for European sales), JNJ (I really like them!), PFE, CAT, HD (Home Depot), and WMT (Walmart).
If you are waiting for the bottom, you will never find it. However, if you look for the long term, and don’t bet the farm, do your research and have TONS of patience, there has to be a turn around somewhere.
Just think about it like it’s a HUGE YARD SALE of stock! And go get cracking!
Also, here is a great article on how to invest in a market like this. CLICK HERE.