Quote:
Originally Posted by Praxeas
Im not really knowledgable but if you expect the economy to stablize and the billions poored into AIG then it might be a good deal except that AIG just got an 80 Billion dollar loan so they are in dept lol...they better have a really good PE rating. But there are a lot of companies out there besides AIG that are down really low, even the oil companies have come down a lot
BTW I bought some shares of Qual Comm a year ago (not many) at 35$ a share...it went up to about 45 or so and with all the mess it has gone down to $38 a share...but that is still higher than what I bought it at.
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Qual Comm may be a good buy for the long haul.
I was looking at Wachovia as well-- unsure if this bank will cease to exist or not, not sure what will happen to the stockholders either. But WOW, their stock had fell to 1 cent/share and now it's up to $5.00+!
That's huge! Even better is looking at what their high was for this year! The person who bought this stock at a penny was extremely wise!
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