Friday, March 20, 2009

Buying

I will be looking to buy stocks around a SP of 740-700.

Buys currently : 
FCX-- This stock is on fire and I want in on a pullback $30ish
DO-- number two driller with $8 dividend annually (adding around $60)
RIG-- P/E of 4 currently and number one driller ($50-$55)
MS-- investment bank and like it in the teens (below $20)
CSCO-- Cash cow ($15ish)
CELG-- Biotech with Balls ($45)

BUT I will have to sell some FAZ SDS to buy anything and I still have losses to recoup on them and will wait it out. I see alot of downside right now and you have to love when Cramer tells the public to "take some of it off the table". SELL SELL SELL.

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Thoughts?