A few people might not know this, but whenever a stock's price falls two things can be said: One person is selling that stock and another person is buying it. Rarely does a stock ever drop to $0. Before that happens the exchange will usually halt sales of it and allow the firm to be de-listed.
So, even when the Dow Jones falls 350 points, someone is buying stocks. I'm tempted to jump in and get my hands on some bargains. No, not in the financial sector. But I'm considering some industries such as mining and allied industries. Even the food sector is looking good. To be sure gold and prescious metals are sky-rocketing right now.
After the crash in the 1980's there were some great deals that I wish that I had picked up. I did buy Schlumberger, and oil technology company that just boomed. I could have bought Mobil at something like $38 a share. What? Was I nuts? What was I thinking not grabbing that?
There are bargains out there right now for those who are willing to risk it and play for the long haul. So, what stocks are you considering?
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desertwindrider
Sep 27, 2008 | 3:14 PM |
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I'm a middle-aged guy who is somewhat overweight and desperately trying to get into the shape that I was 25 years ago. I'm a retired firefighter (City of Waukesha) and I now work as an inspector for insurance companies. I love the work and since I'm an independent contractor I get to set my own schedule. I am also a track chaplain with Motor Racing Outreach Association and minister at Slinger Speedway. As for hobbies, I enjoy watching all types of stock car racing, and am devoted to fishing, travel, photographing Great Lakes ore carriers. I'm a member of the International Defensive Pistol Association and compete locally in action pistol competition.
Member Since: 1/5/2007
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