Maybe. I figure with the hostility towards economic growth coming from washington (Obama!), I could wait until next week and buy 2000 shares.
Don't wait too long. Any non-converts to socialism will be rounded up by Obama and thrown into jail. You'll want to complete your transactions before the "tolerance trainers" come for you.
I would stay away from the auto industry for now. I would put your $$ towards 3M. They make tape, post-its, medical supplies, etc. Everyone needs tape and the medical industry always needs bandages, etc. I already own stock and my dividends are always $20+ every quarter. Steady secure company for the past 15 years+ http://solutions.3m.com/en_US/ http://www.soymedical.com/3m.html Check this out http://www.businesswire.com/portal/...gId=1000941&newsId=20090210006561&newsLang=en
At least your honest about your intentions. Anyhow, GE's stock closed at $6.66 (666, number of the beast!) yesterday. We're talking about one of our 3 largest companies here, with diversity throughout the economic sectors. Seems like a buy to me. Seems like Wall Street is having a fire sale.
Even though GM/Ford are both trading in the $1 range Ford is actually 5x as expensive. You have to look at a lot more than share price.
I bought some Ford stock at $1.10. I think Ford is the best-positioned US auto company. I also like their international standing.
<table id="table1"><tbody><tr><th scope="row" width="48%">Last Trade:</th><td class="yfnc_tabledata1"><big>9.62</big></td></tr></tbody></table>
Congrats . . . you should be stock broker. Not everyday that someone buys stock at 25% under the lowest close price Ford has had in the past year. Ford's 52 week range 1.51-3.30
To be fair, he did say closing price. You must have bought it on 11/20 and it did close close at 1.39. Looks like the lowest closing was 1.26 the day before.
To be fair, you don't have to buy at the close. And it's not like I just happened to be watching the market. I had a buy order in when F hit a certain price, just like have for dozens of stocks.
That's the way to do it. I almost never enter market orders. All he said was you picked the right target price (although I do recognize the sarcasm in his post). You did, good job. If you picked .10 lower the order never would have been exectued. I did the same of Citi and got it for $1/share, but I had another order at .85 that never went through.
Maybe not spunk . . . you're saying you bought ford at $1.10 . . . again you should be a stock broker, being able to pick a price that comes that close to a bottom and buying a stock that most experts are saying to stay from.
