Nibbling

[burger]

By no means do I think this is necessarily the bottom, but I decided to grab a few stocks right at the close.

F @ 10.40 - I can see this getting to 12 before too long and that is over a 10% gain. I can't see it going that much lower. I've been wanting to buy this since about 14. Figured I'd take a shot now.
CAT @ 84.00 - Solid company. Hopefully will return up near 100 soon.
CTL @ 33.33 - This company just bought my local phone/DSL (Qwest). Got beat up when they missed earnings during this whole downslide. They pay a rather decent dividend (8%).
NUAN @ 16.80 - Kind of a speculation play here. They have a piece of voice recognition that will be integrated with Apple's next OS (iOS 5). Just reported earnings and beat them, although that means they just lost less than predicted.

[ModE98]

Bought some CIM, RIT and TWO (high income stocks). Just believe they have seen the worst (hopefullY) and believe the real estate mortgage market will muddle through with another 2 years of near zero interest rates. Of course, if the "bottom" drops out, it is a bust. Good luck to the brave!

[burger]

Bought CSTR @ 41.69 - I love Redbox. With what NFLX did recently raising prices, I think it is going to drive a lot more people to use Redbox. There has also been talk for quite some time of them starting to get into the streaming business (at a fairly low price) to compete with NFLX on that level.

[burger]

This "nibbling" is turning into more of a feast...hopefully I'm not going to get roasted on it.

Bought GE @ 15.70

[Trongersoll]

CAT should eventually get back around $110 IMO.

[burger]

Okay, I couldn't resist getting back in the market. I bought a bunch of stuff today.

AA, DE, DIS, JBL, NVDA, PEP, VLO, and NTAP.

[ModE98]

Added a few WFC (Wells Fargo) today at $24.73...... When banks start to strenghten, believe it is a reasonable bet to do much better than average in the banking sector.

[ModE98]

Added some RRD (RR Donnelly) @ 14.56, but market seems headed lower now so may be a bit too premature like the WFC buy .... Since they are for LT (1-3 yr +) suppose it is not that important as long as they stay close to the buy numbers. This probably will be a choppy market for some time.

[Bluerobin]

Everything is going on Sale today!!! Keep buying.

[yclept]

Surely you jest -- this is just the beginning of the fall to more realistic valuations. The last few days were a head-fake that sucked some more money into the market -- now we start the real drop. Dow 10,000 is the next pause then it's down to 6800 or so where hopefully we can build a base.

[ModE98]

yclept ...... May heaven forbid! ...

Oh well, still can find some sustenance in McD's garbage cans .
Ready for the riots? The soup kitchens?

[inhouston]

yclept - OUCH! - But as I posted on the old MSN investing boards -

I saw no fundamentals for this current 2 yr long rally.

It was all Government stimulus money trying to keep the bubble balloon inflated.

No new money - No new hot air - bubble balloon slowly deflates to real market values.

Most of all - Fluffy kept dropping the Wall Street Journal next to the litter box on these big rallies over the past 2 years.

[Bluerobin]

Ok, on Yclept's advice I will wait for a few days. Just hurry up I wanna catch the dividend on SDRL.

[ModE98]

Should we enter a new BEAR market, stocks could become 20% to 70% cheaper. The speculative companies fall the most. Seems this is no time to get caught on a limb far out from the trunk. Best to use caution when red flags are waving.

[burger]

I bought some more F and CAT at the end of the day yesterday.

[ModE98]

Got stupid and added a few CLNT and CNIT today, just to round out holdings. Hardly much cost at all at these seemingly bottomed out prices. Chinese RTOs were way over valued last year and now appear very undervalued (as long as they do not turn out frauds). These two are at least still reporting on time, so maybe they may survive this year and pick up in the next.

[Value Buy]

I am thinking of getting in on the following stocks, for about 18 months.
X US Steel
F Ford
GE General Electric

Any thoughts?
I owned GE for a few years but finally gave up on it a year or so ago.
GM looks good at this point, but I do not know why I would buy any auto stock, let alone, GM.
I have to say, I am expecting an economic turnaround to be anticipated by the markets. Whether the market recognizes this, this winter or spring, is the question.

[burger]

Added some more CTL and CSTR today. CTL @ 34.40 and CSTR @ 46 (missed the dip into the 44's).

[ModE98]

Have an order to repurchase RRD again a dollar below the current market, still believe we are going down.
Added 500 shares TPI at $1.31 today adding some "chump change" to the China Experiement.
Yes, I know many think I have "gone bonkers", and perhaps so, but DI knows all about those things, he can sympathize
DI is a genius, I am a total clutz. He is above the crowd, I am in a mud puddle. Must be old age and brain drain.

[Value Buy]

Are we going to see an up market for the rest of the year, or will Europe fall apart and tear us apart with them?
I am having some feelings of "Sheer exubberance" lately, and feeling good about the stock market for the first time in a long time.

Must be time to sell

[ModE98]

DI, the "China Experiment" was caught in maelstrom and we are swirling around at bottom (I believe) prices. I do not need any tax deduction write off this year, so will hold as I "believe" next year will find some recovery. Most frauds have been discovered and fallen by the wayside. My limited holdings are for all I can discern, are small and legitimate. Growth takes time. They all have improving earnings, so until otherwise, will hang on. Believe, at these sub-basement prices, they are at very reasonable value. Obviously, others do not agree or there would be a buying trend in the market. Time alone will reveal the true story.

[burger]

I am pretty happy with the purchases. All of them are doing well. I did manage to take a little profit from my CSTR purchase when it was in the low 50's. Hung on to a fair amount of it through earnings and it went down due to the price increase on Redbox rentals. NUAN has been an espeically nice surprise. They basically make the technology that powers Siri (in the new iPhone).