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FIB - Scams 101 - Ye Olde Archives
Posted By: Mel. White In Response To: Hey Mel, What stocks are good these days? (Dave Mauder (eDave))
Wednesday, 21 September 2005, at 11:22 a.m.
> What sort of stocks are you finding to invest in these days? The market
> has been so crazy lately, I haven't found a good place to put my money.
> I've been in 100% cash for at least 2-3 weeks now.
Short term, nothing, but my longer term (mostly energy) stocks have done fairly well. I just picked up about 15 shares of EPG and in the 10 minutes I've held it, it went up 3 cents. At this rate, I can retire... in... ahh... well, not today at any rate.
I've held PTEN for about a week (as a longterm buy) and it's also up. KMI is currently down, but I bought it some time ago so it's still nicely profitable.
I've been blogging about my misadventures in stocks (see below) mainly for my own edification and amusement. One article I saw today indicated that Campbells stock goes up after every major hurricane, and it appears to be true... but it only goes up a small amount and that wasn't enough to interest me. Pipelines may still be the best bet... one (alarmist?) article today said that we'd be seeing $5.00/gallon gas here in Texas after Rita comes through. I am *so* not looking forward to *that*!
Anyway, I was covering the news today on the iffy position of gold and gold stocks. I'm kind of bearish on owning metals but bullish on owning collectable (100 years old or older) coins.
The timing on selling your stocks is tighter, I think. It used to be that you could wait for a 30% rise and then sell and get back in (having secured your investment.) But the market's moving faster with people having access to instant buying and selling via Internet, and I'm not sure some of the Old School rules apply any longer.
So what *were* you in?
Blogging about stocks and gold -- oh my!
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