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Forest Grump · 03-13-2009, 06:28 PM

I'm not much into day trading or even short term. Being older means there isn't much long term ahead. But I am thinking of a return in 5 to 10 years.

That's how I am looking at the stocks I listed.

Forest Grump · 03-16-2009, 10:47 AM

Last Wed. I bought 6 stocks on the list for a total value of $2000. Today the market value of those stocks is over $2600, so I am averaging about 10%, $200+ growth per market day.

I put in a limit order for Fleetwood for $0.007. It had closed at $0.0075. Now I am the proud owner of 10,000 shares of Fleetwood for $82 and I am rooting for them and a few others like Monaco to pull through this. BTW Fleetwood primarily did this to rid itself of it's trailer business and to keep the MH and manufactured homes side of the business. They have $23,000,000 in cash on hand.

The question was, is it time to buy and so far the answer seems to be yes. But be prudent. In a market like this only put in what you can afford to loose. If you can do it through your IRA accounts then the gains are not taxable and of course the loses are loses.

The above is my opinion only and is not a recommendation for others.

Rudolph · 03-16-2009, 06:35 PM

In the tough times like this I like to invest in companies that have a higher value than the stock is trading for. One is cscx trading at $2.66 and has a book value of $10.30 per share.

TXiceman · 03-16-2009, 06:47 PM

You can get enough stock certificates to paper your bedroom. It is cheaper than wall paper.

Ken

Rudolph · 03-16-2009, 07:04 PM

Go to MSN.com you can check book value on any company.

Forest Grump · 03-16-2009, 07:20 PM

Quote:

Originally Posted by TXiceman

You can get enough stock certificates to paper your bedroom. It is cheaper than wall paper.

Ken

Most of us leave the certificates with the broker. If you choose to have the certificates you only will get one with the number of shares bought on it.

porscheracer · 03-17-2009, 07:13 AM

Wann'a try your hand without risking any capital?? Go here: http://vse.marketwatch.com/

Forest Grump · 03-17-2009, 11:24 AM

Quote:

Originally Posted by porscheracer

Wann'a try your hand without risking any capital?? Go here: http://vse.marketwatch.com/

Either the members of this forum are financially very very conservative or just do not have a lot of experience in the market. Yet many of you have spent many thousands of dollars for RV's. Doing the above also earns nothing.

Dow Chemical, AIG, Ford, GE and Caterpillar are going to exist after this recession. Some of these stocks are down 80% which means that you have the opportunity to earn 80% on your money. For those whose 401 or IRA's went way down now is the opportunity to gain much of that back with low risk.

Let's look at Fleetwood. It was $0.0075 They are dumping their trailer business and keeping the Manufactured homes and motorhomes. They have $23,000,000 cash on hand. If you believe they will come out of this a leaner and better company and that their stock in a year or two or three might sell for $1.00 you have an opportunity to regain your loses with real cash. If it doesn't you might loose less than $100.

doc · 03-17-2009, 12:23 PM

Gump, Cat just laid off a large portion of the workforce at their factory near here. Dealers have leases out on equipment they do not want back and are asking the customers to just pay the interest on them. One of the biggest Cat dealers in the southeast, if not the nation, Yancey Brothers has gone under.
I do believe Cat will make it through all this, but right now in the short term Cat stocks may be slow earners. When the construction business picks up and the new highway/infrastructure rebuild starts nationwide, their business should again rebound.
Whaddya think?

Forest Grump · 03-17-2009, 12:39 PM

Three months ago CAT was selling for over $88, now it is $26.33. How much lower do you think it will go? I would research the company P/E etc. It is only going to go so low, is it now or a few weeks from now. It's only down 3.6 today which suggests to me that with all this bad news the time to buy is near. That Cat dealer may not have been a very good businessman.

If you buy now and lets says it drops to $15, you don't loose unless you sell and on the other hand when it does go back to the $80's you are looking pretty good. I think GE is the better choice right now. Or buy some of each, diversify.

You almost never buy at the true low but being close is really great. If you do buy do so conservatively.

BTW AIG is up close to 100% in one week, a week of all kinds of AIG news. I think AIG hit it's low and will be now going up.

TXiceman · 03-17-2009, 02:25 PM

Quote:

Originally Posted by Forest Grump

Most of us leave the certificates with the broker. If you choose to have the certificates you only will get one with the number of shares bought on it.

I kow...I was just making light of the value of the paper that it was issued on.

It cost more to print the certificates than they are worth i n a lot of cases.

Ken

Jocat54 · 03-17-2009, 07:58 PM

Cat is still planning on building a new plant in Seguin, Tx at least that was the last I heard on the news here. I sure hope they stay around, I have some of their stock.

John

RedneckExpress · 03-17-2009, 09:01 PM

I have this sneaking suspicion that alot of stocks, even ones that survive the market will never be worth as much as they once were during the false economy.

Forest Grump · 03-18-2009, 10:34 AM

My $2000 investment that I made last week on 6 stocks is now valued at $3748. I did buy 2,000 shares of Monaco yesterday. The big winners today were AIG and Sun Microsystems which IBM just announced it's intent to buy.

My intention is to keep all 7 stocks for several years or at least till before the next recession.