Stocks Are Beginning to Look Attractive Again

By on August 25, 2010

As the market stairsteps lower, investors are being presented with some very enticing opportunities. I maintain a separate account from the portfolio featured at this site (in which we are getting close to a TTS buy signal). I initiated new positions in three stocks this week; Hewlett-Packard (HPQ), EnCana (ECA) and Vulcan Materials (VMC). I have limit buy orders on Paychex (PAYX) and Medtronic (MDT), and also on a couple of video game producers (ERTS and ATVI).

I’m not endorsing these companies as investments because unknown factors can cause any stock to implode at any time. It just seems there are a lot of very attractively priced equities, especially with interest rates at generational lows; that is, unless we are facing a very protracted recession or depression. I also maintain a level of diversification that some might consider extreme. Each new position is under 1% of the portfolio’s equity, so any single disaster is not going to be a big setback.

One Comment

  1. alisa

    August 26, 2010 at 9:35 am

    I like the layout of your blog. hope you don't mind if i do something similar with mine.

    year on year

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