Who's buying stock?
09-30-2008, 08:33 AM
#1
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Who's buying stock?
I bought 30k worth this morning. It's bargain bin time. Long term this crap will go away and I'll have some good cashola to sink early into the next big dot com, real estate, or whatever bubble starts growing and then pull out early and sit on my pile of cash as it all comes crashing down.
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09-30-2008, 01:25 PM
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I have been dipping in commodities, producers, foreign high dividend paying stocks.
We still have a long way to fall though.......I just keep accumulating shares in the above on the way down.....I also am accumulating GLD, UNG, USO, DBA, RJZ on the way down.
The dollar will be worthless......and we are going down. There is no good logical argument for housing to increase in VALUE........all the government has now for tools is to devalue the dollar.
overseas is where its at. they just need to consume their own stuff now.
We still have a long way to fall though.......I just keep accumulating shares in the above on the way down.....I also am accumulating GLD, UNG, USO, DBA, RJZ on the way down.
The dollar will be worthless......and we are going down. There is no good logical argument for housing to increase in VALUE........all the government has now for tools is to devalue the dollar.
overseas is where its at. they just need to consume their own stuff now.
09-30-2008, 02:32 PM
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Lookatme,
If you are in to foreign dividend dtocks, take a look at Frontline (Fro). It is a foreign shipping company that pays a very high dividend (20ish%) I have been buying on dips and reinvesting all dividends. The price is a bit volatile ($34-$72 this year), but if you have a strong stomach and a bit of time this seems to be a good buy. There is also rumor of a split coming soon.
Just FYI
If you are in to foreign dividend dtocks, take a look at Frontline (Fro). It is a foreign shipping company that pays a very high dividend (20ish%) I have been buying on dips and reinvesting all dividends. The price is a bit volatile ($34-$72 this year), but if you have a strong stomach and a bit of time this seems to be a good buy. There is also rumor of a split coming soon.
Just FYI
09-30-2008, 02:35 PM
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I'm sitting on a lot of cash. But I've been nibbling a bit on the big down days in July, Aug, and earlier in Sept. I'm sitting on everything I've picked up. I did very well on some (RDN) and very badly on others (LEH) and holding pretty steady on others (GS, MS, C, ZOLT). I did not buy anything yesterday or today. I still think the downside is tremendous. But I did just transfer more cash to my brokerage account for the next 5+% down day.
Andrew
Andrew