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View Full Version : Are you buying stocks this month?


CD_Vision
03-16-2007, 05:00 AM
If so, what are you thinking of getting? Because I work there, I increased my stake in Countrywide's ESPP, and I think I'll get some shares in the SPYder. The whole market got dragged down from from this sub prime lender nonsense, and it's created some bargains.

Anybody else see anything that's a good deal right now?

Night
03-16-2007, 09:13 AM
Stick with your ESPP as that is always going to be a guaranteed gain (depending on your company I'd assume at least a 15% discount) once the stocks are purchased. My latest purchase at my company was a 23% gain w00t! I always max out my contribution to the ESPP. It's free money.

Uh... as far as the public market is, who knows. I've been watching AMD very closely... they're hovering at 14 which seems like a decent buy in price, but not sure if it'll improve anytime soon. Earlier in the year I got 300 shares Intel back when it was 20.5 and later sold it at 20.6 for a 1 point gain, and I'm looking to get back in. At low 19s, Intel probably isn't so bad so I'm looking to get into it again to gain a point or so and get out. I like Intel since it's one of those companies that will pretty much never be gone, and getting in and out every so often for a few gains here and there is good. The market hasn't quite recovered yet from those two catastrophe days earlier in the month, so I wouldn't expect to see too much gains if you get in.

CD_Vision
03-16-2007, 07:38 PM
I wish a 15% discount. I get 6.5%. Still a fantastic deal on a stock that's already low priced. I'd never sell for such small gains though. I'll hold a stock so long as the company continues to bring in money, especially if there's good dividend yield. The compounding power over the long term makes it worth doing.

Intel does look decent, the earnings multiple is just over 20, and Intel has been upping their yield over the last few years too. Thanks for that. I'm not going to touch AMD though, negative earnings is not where I want to be.