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chk999longonly (97.74)

The 52 Week Low List Is Heating Up



May 08, 2012 – Comments (1)

After a long period with few stocks on it, the list I use had 162 on it today. One change I'm going to make for this cycle is to wait a bit longer after a company hits that before I add it to this portfolio. Experience with the last two cycles is that a company will often continue to make new 52 week lows for a while once it starts.

1 Comments – Post Your Own

#1) On May 09, 2012 at 10:16 AM, Valyooo (34.51) wrote:

Yeah, but how are you going to know when to jump in?

Depending on the stock, sometimes I use a catalyst, sometimes I use price action (bounce on bad news), but if its a really solid stock, like a dow company, I kinda just guess. For instance, right now, I think CAT is undervalued.  But I said to myself, if it hits $90 I will buy it.  If it doesn't, oh well I can always find something else to do with my money.  I used a chart and a few other things to come up with $90, but mostly I just kinda said, well I think its cheap, so if it can fall 5% more then it is REALLY cheap.

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