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Re: 1 forward 2 back

in response to Re: 1 forward 2 back by Agorafan
posted on Aug 05, 11 01:12AM

Back in 2008 when the market got "wacked", I bought HBM and Lundin because they both looked good.

The underlying fundamentals were still good, and didn't justify the sell off.

We are looking at the same thing today, only we are just starting to look into this abyss. My feeling is that we are going to have a few more days but not weeks of this before the bottom is in.

Debt and consumer confidence is behind this one and not severe financial instruments dying.

If the fundamentals are sound, buy, I will be.

I am looking for dividend paying stock this time round that will also give me value. Maybe JE, that 9% yield looks nice.

Andy

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