Official Let's Make Some Money Off Stocks Thread
06-20-2008, 07:51 AM
#81
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I like SQM based on their diversified business model. It has continued to ramp up for the past month since I found it and definitely has positive momentum going for it right now but like you said, the valuations are extremely high and the risk is great with this one.
I am not going to go chase this one but rather keep an eye for a nice pull back whenever that may be.
I am not going to go chase this one but rather keep an eye for a nice pull back whenever that may be.
06-20-2008, 08:58 AM
#82
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Down a few % today. What are you guys looking to buy at these levels? Last time we were under 12k I had over a dozen stocks I wanted to put money in to confidently, this time it's about 3-4 and their valuations aren't that 'corrected'.
06-20-2008, 09:15 AM
#83
Registered User
Nothing I want to buy yet. Still keep an eye out and waiting for a bigger pull back. At the current prices, it's basically retracement to last weeks prices. If I'm buying agressively, I want early 2008 lows.
This time around, I will be buying more steel and ag.
This time around, I will be buying more steel and ag.
06-20-2008, 09:50 AM
#84
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The only issue with that is related to what I mentioned earlier. The majority of steel and ag names have not decreased in valuation substantially since the market decline-many have actually increased. This provides a missleading thinking process and often you'll just be chasing winners, in my experience anyways. Let me know what steel names you find if they have gotten cheaper.
06-20-2008, 10:33 AM
#87
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Originally Posted by problem_child,Jun 20 2008, 02:28 PM
buy, buy, and buy.
06-20-2008, 10:40 AM
#88
Originally Posted by problem_child,Jun 20 2008, 11:28 AM
buy, buy, and buy.
If Isreal makes any moves with Iran I think the Dow could be in the 10,000s and oil will be over $150.
06-20-2008, 10:54 AM
#90
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Thread Starter
Israel is not doing anything with Iran, don't be ridiculous. Iran is negotiating an end to their Uranium enrichment program and Israel is in the middle of a truce with Hezbollah. This "news" is FUD created to manipulate the oil market.