11-24-2008, 04:07 PM
Apoc Wrote:+1, take your profits and run NOW/TODAY.BLINGMW Wrote:.....but do I sell?!!!?!?!
Yes.
GTFO of oil until it shows some form of stabilization.
On the next big sell-off (look for 2 days of 200+ pt drops) pick up some GIS or WMT if you want a consumer goods/retailer, drug stocks (PFE and BMY are my favorites), or a good diversified energy stock (Duke or Dominion are prob good choices). If you want a bank, look at BAC, JPM, GS, or WFC; they're the only names I'd even begin to trust in that area.
I'm also picking up CAT shares whenever they are beaten down and I have some cash idling. I'd also get some AAPL if you believe in the company b/c their shares are way down.
FYI: I am forbidden from investing in bank, comm, or energy stocks b/c of my job and therefore don't research them to invest; don't buy blindly based on a name, do the research on the company's books.