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IBDvalueinvestin (98.32)

Its time to Change Mentality Guys..

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May 19, 2010 – Comments (4)

Women love to buy bargains when shopping at stores.

 

So why do guys fear going bargain shopping in the market when stocks are on SALE like they are today? The market is -10% lower than recent highs. 

But there are some stocks down -25% to -50% lower than recent highs.

 

Time to change mentality and buy stocks that are bargains today.

4 Comments – Post Your Own

#1) On May 19, 2010 at 12:10 PM, JeffreyHarker (54.75) wrote:

Any specific picks to suggest?

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#2) On May 19, 2010 at 12:31 PM, davejh23 (< 20) wrote:

Women love to buy what they think are bargains...many retailers use "perpetual sale" sales tactics to entice buyers..."This is a $100 sweater and I got it for $60!"...actually it's a $30 sweater, and they just made you think you were getting a deal.  Same thing with the stock market...who says that recent highs were reasonable?  Many stocks are still extremely overvalued...some are good bargains at current levels...you can't say that the overall market is on sale just because prices have fallen a bit recently.

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#3) On May 19, 2010 at 12:32 PM, djshagggyd (< 20) wrote:

IBD-

I agree with you. I just read a section in the Intelligent Investor where they talk about how value-investors should almost be excited when the market comes down. Value everywhere!

MadMicro-

For a good starting point, take a look at GXDX, IPHS, or TNDM. They are three quality companies which have taken a beating recently. 

Have a good week guys,

~djshagggyd 

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#4) On May 19, 2010 at 12:43 PM, nthought (< 20) wrote:

I bought into some mid size banks a few months ago based solely on the fact they were at a discount and have seen huge returns. 

 AINV - up 100% since July

PVTB - up 30% since Nov

I also like the prospects of alternative energy (not oil).  ATLS and FAN.

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