Time to Open your Purses and Start Buying

Tags: MDR, RIMM, McDermott, Crocs, AAPL, Apple, CROX, CROX, MDR, AAPL
10 Aug 8:31am
Posted by flaljee
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It has been bloody, but finally now, prices seem to be reasonable on some of the stocks I have been keeping an eye on. Apple (AAPL) for example, it down 25 points, Crocs (CROX) is down 20% to levels it was at before it announced that great quarter, RIMM has come in about 10% from its highs, and McDermott (MDR) has been pummelled down to under $80 despite fantastic earnings. One thing to remember about MDR - it was up almost 100% since April. It had to have corrected and the current level represents strong support. Time to buy all these names.

-- Faisal Laljee
Full Disclosure: I am long RIMM, MDR and CROX, but my position can change anytime without notice.

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flaljee

StocksandBlogs.com provides stock tips, equity research and markets commentary. This blog gives you money making investment ideas that can be applied to your financial portfolio, whether you are a long-term investor or looking for a quick trade. From Wall Street to Walmart, Investing to Intel and Commodities to Coffee, you will find it all here. My name is Faisal Laljee and you can email me anytime. To check how my stock picks have panned out, check out my performance using Performance Tracker. Disclaimer: The stock picks and trades listed on this blog are for educational purpose only. You should do your own research before making a trade. This blog, its affiliates, partners or authors are not responsible or liable for any losses you might sustain from the opinions stated.

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