Buy Like Buffett

US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain.

Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares appear to have bottomed out right at $47. The stock is up to $55 now. Investors should take profits now. I think that Research In Motion is headed lower.

On July 5th I suggested that investors get long Intel (INTC) at $19.48 and General Electric (GE) at $13.97. Shares of Intel have rallied 10.5% to over $21.50. GE has rallied 7.1%. I think that shares of GE have much more upside so I will continue to hold shares of General Electric.

My Current Picks

Bank of America (BAC) is a steal at $13 per share.

Exxon Mobil (XOM) is being given away at under $60.

Apple (AAPL) is worth buying at $245 a share. I would get long Apple shares.

Pick the stock that you think will perform the best in 2010. Give your reasons for why you think your stock will be the best performer of the year. The contest should have at least 20 contestants. The winner will receive $25 via paypal!

The only rules are:

You need to have a paypal account in order to receive payment.

Your stock pick must be original. Do not repeat any stock entry already submitted.

Your stock pick must be a US stock. 

The stock must have a minimum value of at least $5.

Only 1 stock pick per person.

All picks should be in by Monday, January 4th, 2009 at 9am.