Home » Forums » Value Investing Forum » General

Sharing your stock buys during this week of bailouts

By George on Fri, 2008-09-19 22:53

A massive financial meltdown hit the markets this week, a likely once in a lifetime event. How did you react?

What did you buy this week? If you didn't add any shares, why not? Did any of you sell?

‹ $700 Billion Bailout Hurricane Talk ›
George on Fri, 2008-09-19 23:03
Title: My buys

Let me kick off the discussion by listing my trades this week. First, I picked up shares of Sotheby's (BID) to double my existing position. My second move was to start a small position in eBay (EBAY) for $21.75 per share. This price came and went so quickly that I didn't get a chance to add it to my paper port at Marketocracy. Finally, I also added a small merger arbitrage position in BCE for $32.25. Also, by seconds I missed a great opportunity in Constellation Energy Group (CEG) when it was trading below $23.

I also decided to sell an old position in Sally Beauty Holdings (SBH) for $9.55 per share from my Special Situations Real Money Port. I decided I wanted to free up some cash in case the market got crazy again with stocks undergoing mergers.

I can't wait to hear about what others are doing.

George on Tue, 2008-09-23 10:57
Title: Added eBay

I decided to add a half position in eBay yesterday. I think I might have an infatuation with auctioneers, for crying out load.

StockInvestor on Tue, 2008-09-23 15:29
Title: Riding out the storm

I'm staying put and riding out this storm. Hedging my bets with oil.

Happy Trading,
~Jim
HGSI - Stock Tracking Software