Any good stocks to buy today?
Asked by
skfinkel (
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June 29th, 2010
Just wondering—the mood is glum, and I think this might be a good time to buy.
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5 Answers
BP? The price is pretty low right now. :-)
I wouldn’t go there—for any price.
If you buy anything, make it something that’s going up that you can put a tight stop in. Then you’ll have the potential for unlimited upside and a teensy downside. You won’t loose much money. The stock market is still overpriced right now and (I believe) we’re just beginning the last of several huge dips. In a deflationary period, EVERYTHING looses value. I also believe this will (is?) happen. Therefore, if the cost of goods and services goes down more than the value of the dollar, you’re actually “making” money by not loosing any.
On the other hand, I keep buying and selling Apple (AAPL) fool that I am, each time swearing I’ll never sell it again. If you had a gun to your head and had to purchase a stock, Apple is a real good bet.
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