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Take the opportunity- Stock suggestion: BP, SCCO
Okay, the market hit the near the low February level and finally ended in the positive territory today after 6 continuous days of falling.
There is high chance of bull coming back next week. It’s still dangerous to say that the storm has passed away since market volatility and risks are very high. So even if the bull comes back next week, it would be possible to make bear come back.
Stock trading is all about taking the right opportunity. Buy low and sell high. I believe in long term investment. And I think this is another great time to take the opportunity. It’s important to read the market and act. When everybody is panicked and selling , we should be buying the value stocks. And when others are buying at the top of the price, we should sell them. We may not be able to catch the lowest bottomed price just like the professional stock trader, but I think this is a good time to buy some high quality but under valued stocks.
Now BP ($43.86 -0.72 -1.62%) , the oil company is on the news every day about it’s oil leakage in the Gulf of Mexico. The price has been down –25% since last month. However, note that BP is one of the largest oil companies and I believe that this incident will not bring down the company in the long run. Probably after several months, everybody will forget this issue and their earning report will raise the stock price. The time will come but not just yet. So I recommend you to check out BP stock and monitor its price everyday. If the price goes down further, maybe I would get some of their stocks. Also note the Dividend percentage. It’s 7.66% Isn’t that sweet?
Also I bought some more of the Southern Copper Corporation SCCO ($27.85 1.66 +6.34%) yesterday at $25.74. And today I am happy that I did. Today it ended $27.85.
Personally I believe that we will see the ups and downs throughout the year, but I think the economy is getting better little by little so it will be all good by the end of this year.
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| Print article | This entry was posted by Chris on May 21, 2010 at 10:43 pm, and is filed under Stocks to buy. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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Stocks to buy – CACC, LULU
about 1 year ago - No comments
Hello, after about a month the stock market seems to run with nice come back for the last few days.
I have a good recommendation for the stocks to buy at this point.
CACC ($46.75 -0.18 -0.38%) (Realtime: CACC ($92.58 7.30 +8.56% Live) ): Credit Acceptance Corp . With the expectation of better auto buying market
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Should I buy stocks when the market is crashed?
about 2 years ago - No comments
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Hello, my name is Chris. I have started stock trading about 3 years ago. I am not an active or day trader but I learned many valuable lessons. I will try to explain what I learned during the times. So please visit again and leave comments! Thank you.
