ST Trades
On this page, I list short term trading positions that I currently own. This does not list every single stock I own. I didn’t think it would help to list a stock that I bought years ago. I will list new positions going forward from when I started the blog.
Stocks
Chicago Bridge & Iron (CBI)
General Electric (GE)
Nuance Communications (NUAN)
Rogers International Commodity Index(RJI)
November 27th, 2008 at 9:56 am
My co worker told me that it is a great time to invest in Anheuser Busch, what do you think?
November 27th, 2008 at 4:53 pm
@tory
Anheuser-Busch just got bought by Inbev on Monday for 52 billion dollars. It probably would have been profitable if you had bought it before the acquisition.
June 23rd, 2009 at 11:27 am
So I have money invested in GE but I’m thinking of it as more of a long term investment. I’m curious to understand why you only have it as a short term. In addition, GE has taken a beating last week and this week, which was kind of a surprise to me considering that many of its sectors have obtained large contracts recently. I’m thinking of buying more. Do you think it will drop more? and how long do you actually expect to hold on to it since it is on your shorts list?
June 23rd, 2009 at 9:21 pm
@Marvin
Marvin,
I had mentioned in a previous post that I bought GE as one of my short and long term positions. I was dollar cost averaging and buying GE at 7,8, and 9 dollars per share. I took some profits in this position when the stock was at $12 and $13. I still own some GE stock but its not one of my ten largest holdings. I like GE long term but am waiting for a pullback to buy more. The stock has doubled in a relatively short period of time. While I don’t think it is headed back to the 5’s; I think it could potentially see 8 or 9 dollars again. I am looking to add more GE on a pullback.
November 8th, 2009 at 10:44 am
Fantastic love your blog
January 3rd, 2010 at 11:56 pm
I also like GE, both short and long term. This stock recently popped up on my Dow Dogs stock screener, which I discuss on my own blog here: http://hervssmartmoney.blogspot.com/2010/01/dow-dogs-my-spin-on-old-investment.html
April 27th, 2010 at 9:53 pm
I see your blog by chance today. I am happy I have someone to ask. I buy AIG in $45.4. O my god! It drops to $37.37 yesterday on downgrade. What should I do now? Hold or sell? Thanks!
April 28th, 2010 at 12:26 am
@Christa
I would look for an up day to unload all of my shares. AIG is basically a government owned entity with little upside. The government owns 80% of the company and AIG has huge amounts of debt. I think that shares are way overvalued.
April 28th, 2010 at 1:41 am
Thanks very much!
April 29th, 2010 at 11:56 am
I own shares of AKS @ 21 per share it was downgraded today
sell,buy or add?
I also own ONTY @ 5.75 any opinion ?
April 29th, 2010 at 6:26 pm
@steve
I like AK Steel at this level. If you are a long term investor, AK Steel is a steal at $17. I am not as familiar with ONTY. I know very little about the company but I do find the news about the company problematic. Apparently they have had to restate earnings and are in danger of being delisted. The stock looks like a big gamble, so be careful!