Viking Posted June 4, 2012 Share Posted June 4, 2012 Many stocks are at 52 week lows. Resource stocks have been killed. Financials are down alot. During last years sell off I noticed that some sectors and stocks got cheap in Aug and others got cheap in Nov; the market kind on cycled through sectors as it found its way to bottom. So I missed buying some great companies early in the sell off (like USB). So during this sell off (if thats what transpires in the coming months) I will be more aggressive buying companies as they get cheap and not wait. After today, I am 35% stocks and 65% cash. As a general rule for every 5% drop in the S&P I will invest about 10%-15% of my net worth. I.E. if the S&P falls from 1270 to 1200 I will look to move to 45% stocks and 55% cash. How much I spend will obviously depend on where the stocks I like trade. What stocks have you been buying or are you close to pulling the trigger on? Over the last month I purchased JPM, DNB, KR & DWA. Today I purchased BAC, RY.TO, WAG & POT On my watch list are GLW, KSS & BMO (and lots more...) I would also like to begin accumulating a few resource stocks (best in class with lots of cash). As the stocks I own fall 10% from my purchase price I will also look to double my position (to max 10 or 15% position) I am looking for: 1.) #1 or #2 player in their market segment 2.) strong balance sheet (low to moderate debt) 3.) strong management (successfully managed through 2008/09 melt down) 4.) strong history of returning capital to shareholders (dividend and/or share repurchases) 5.) stock trading at or near 52 week low Link to comment Share on other sites More sharing options...
PLynchJr Posted June 4, 2012 Share Posted June 4, 2012 I've been buying a little BAC, JPM, BP, PG, MBI lately...getting the urge to buy more. Thinking about a new position in AIG and adding to some others. Link to comment Share on other sites More sharing options...
Liberty Posted June 5, 2012 Share Posted June 5, 2012 In the recent past, pretty much just more FTP and a little nibble on something else. Link to comment Share on other sites More sharing options...
CONeal Posted June 5, 2012 Share Posted June 5, 2012 Still waiting for some cyclical stocks to act cyclical. Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted June 5, 2012 Share Posted June 5, 2012 Atwood Oceanics Atwood Oceanics Atwood Oceanics Atwood Oceanics Atwood Oceanics Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted June 5, 2012 Share Posted June 5, 2012 I've been buying a little BAC, JPM, BP, PG, MBI lately...getting the urge to buy more. Thinking about a new position in AIG and adding to some others. +1 on JPM / AIG I'm not really in any of the others. Link to comment Share on other sites More sharing options...
Rabbitisrich Posted June 5, 2012 Share Posted June 5, 2012 Mostly PNC and BAC. I'm still finding financials to be very attractive, though perhaps that demonstrates that I'm getting some major themes wrong. Link to comment Share on other sites More sharing options...
meiroy Posted June 5, 2012 Share Posted June 5, 2012 Nothing yet. The stuff I've been watching has gone down some but not by enough. Maybe it's comparison bias, but that just how it seems. I'm 60% cash with 30% in leveraged financials. Link to comment Share on other sites More sharing options...
ubuy2wron Posted June 5, 2012 Share Posted June 5, 2012 I have purchased POW.to and TEF.ME recently Link to comment Share on other sites More sharing options...
enoch01 Posted June 5, 2012 Share Posted June 5, 2012 Various financials (via warrants), and natural gas. Link to comment Share on other sites More sharing options...
Evolveus Posted June 6, 2012 Share Posted June 6, 2012 I'd like to see more pain before pulling the trigger(s). Link to comment Share on other sites More sharing options...
oddballstocks Posted June 6, 2012 Share Posted June 6, 2012 I would say a key to investing is "know thyself" I've come to realize that I'm just a cigar butt, cheap assets get a business for free type of investor. So no matter what the market condition this is how I invest. I make the most mistakes when I stray from this, and my results are the best when I stick with this. The nice sweetener is that during rough periods the stocks that fall into my lap are a bit higher quality than what I'd normally be picking through in a bull market. So things like Guinness Peat Group, Solitron Devices, Hanover Foods -> bought more or put in orders over the last week. I saw RSH is almost a net-net, maybe they'll be on the radar soon.. Link to comment Share on other sites More sharing options...
claphands22 Posted June 6, 2012 Share Posted June 6, 2012 What Stocks Are People Buying? Anacott Steel. Seriously though, not much. I have been fully invested and I don't have much money trickling in. I have bought a tiny bit of CTMMA and some BAC.WSA. I'm thinking about shorting something and I'll also probably do this tender offer: http://motiwalacapital.com/blog/jakk-tender-offer-gives-small-investors-a-chance-to-make-200/ Link to comment Share on other sites More sharing options...
Kraven Posted June 6, 2012 Share Posted June 6, 2012 What Stocks Are People Buying? Anacott Steel. You're getting a free ride on my tail, mate. Link to comment Share on other sites More sharing options...
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