Showing posts with label GE. MMM. Show all posts
Showing posts with label GE. MMM. Show all posts

Friday, May 23, 2008

Stocks Update

Today, despite my concerns about the economy, I bought 50 shares of GE, 330 shares of MMM, 100 shares of IF, and some shares of SCUR.

GE: I don't believe I can completely time the market, so I will average down if GE drops to the mid-20's.

MMM: I missed the ex-dividend date for MMM, but this company still looks undervalued at these prices. I hope to sell MMM when it goes to anywhere from 78 to 84. Although I like this stock, I am just too concerned that an overall market correction will bring down good names along with bad ones.

IF: Indonesia is going to be a good investment in the long term. My plan is to hold this fund for many years.

SCUR: This is a value play that contains quite a bit of risk. Its balance sheet looks stronger than what its stock price indicates. It is also trading below its book value. I will revisit this stock in a year or two. If we are coming out of a recession, small caps will be the first stocks to lead the way.

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