October 09, 2008 –
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RELATED TICKERS: RIMM
, FCX
, DSX
I really think that we are oversold at this point, to see RIMM trading at 19 times earnings, and FCX going in at 5, while Dianna Shipping is paying a 23% dividend, with a Greek economy that saw a 3.5% GDP growth, the Euro is getting what those socialsts had coming, but are we at a bottom or near it? Even if we were to start building back up what's going to happen in December, when retail sales start coming in really weak, and then the redemptions being requested start actually being fufilled? I don't know it could get a lot uglier! Lucky for me I don't have much in the market (in comparison to the amount I'll need when I retire), relative to my current net worth it is considerable. Maybe I can save me some more, and buy if we hit 7500....or 5000, [more]