Re: Investment Decisions
Hello All,
I just want to be on record as to believing that that the US financials have a ways to go yet before hitting bottom. My vote is for LLL and GE notwithstanding its exposure to finance. In fact I have no qualms about holding off on GE until the credit picture is a little clearer or a little bleaker. In general I like the contrarian play of buying financials at their weakest point but I guess we differ on when the right time is. If the vote comes down to buying US financials at this time, my vote is no but I will respect the majority. Are we still looking at IYF or RKH?
If we all agree on LLL, can we make the first purchase of 100 shares at around the 50 day moving average of $40.50. The price has been fairly volatile of late so I think it won't be a problem to put an order in at that level and waiting for it to be filled. Any other ideas about filling the order?
Des
posted by Des @ 11/15/2007 01:29:00 PM
1 Comments:
OK, I will execute the LLL buy at around $40 over the next few days and weeks.
I agree with most of these points, but just want to point out GE was a US$ play as well. Although, we can wait for GE, the Cdn$ seems to have peaked so if we don't like GE for its credit exposure, we can still choose another company, say JNJ?
Post a Comment
Subscribe to Post Comments [Atom]
<< Home