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Our Current Trades (and Ideas)!

by jake <peppy54@[EMAIL PROTECTED] > Mar 29, 2008 at 06:52 PM

My current trades:  I sold a couple of underperforming funds and with
proceeds,   I bought 1,000 shares of Worthington Industries (WOR) @[EMAIL PROTECTED]
 (nice dividend and near 52 week low).  I bought 300 shares of
ETP. (OK, OK, Cramer talked about it; but check out that dividend!)
It's a natural gas related investment trust.   What I have now is
another $19K left over from the MFs I sold and another $14K to become
available when I sell another MF next week.

With roughly $33K I had been waiting to see if BAC gets down near its
52 week low (of $33 and change) like it did a couple months ago amid
this financial debacle.  It's starting to look like that may not
happen.  In that price range BAC will pay a *reliable* 8% (give or
take) dividend.  From the research I've done, BAC is well oversold due
to the direction of the financials in general.  They took an
undeserved beating because their exposure to sub-prime loans was
minimal to non-existent.  Their management is excellent I read and
there will be a synergy they can profit from with their takeover of
Countrywide.

I just don't have any other ideas for the cash if BAC has already
bottomed out.

Thank you,
Jake
 




 13 Posts in Topic:
Our Current Trades (and Ideas)!
jake <peppy54@[EMAIL P  2008-03-29 18:52:04 
Re: Our Current Trades (and Ideas)!
"BuffettHater@[EMAIL  2008-03-29 19:12:06 
Re: Our Current Trades (and Ideas)!
comics@[EMAIL PROTECTED]   2008-03-31 15:01:13 
Re: Our Current Trades (and Ideas)!
kathyae_@[EMAIL PROTECTED  2008-03-29 20:15:47 
Re: Our Current Trades (and Ideas)!
jake <peppy54@[EMAIL P  2008-03-30 21:56:19 
Re: Our Current Trades (and Ideas)!
comics@[EMAIL PROTECTED]   2008-03-31 15:12:25 
Re: Our Current Trades (and Ideas)!
"Jerry" <nos  2008-03-31 09:58:29 
Re: Our Current Trades (and Ideas)!jake
comics@[EMAIL PROTECTED]   2008-03-31 15:15:03 
Re: Our Current Trades (and Ideas)!jake
"BuffettHater@[EMAIL  2008-03-31 12:33:17 
Re: Our Current Trades (and Ideas)!jake
jake <peppy54@[EMAIL P  2008-03-31 18:16:46 
Re: Our Current Trades (and Ideas)!
"BuffettHater@[EMAIL  2008-03-31 08:11:54 
Re: Our Current Trades (and Ideas)!
jake <peppy54@[EMAIL P  2008-03-31 17:01:53 
Re: Our Current Trades (and Ideas)!
"BuffettHater@[EMAIL  2008-03-31 17:46:32 

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tan12V112 Sat Nov 22 14:27:02 CST 2008.