Friends(Hiren),
I gave a call somewhere else of ....Occidental Petroleum Corporation (OXY) at $44.43 on Oct 28...and it is up by $11 in 3 days.....
The reason for recomending was it has an EPS of 8 and was available at just 5P/E and it actually rallied to $55 in 3 days....one of my frined wrote me there at that time,that it is looking good over $55 as per technicals....
So take your own call.
I still feel that PKD and GEOI are looking great to me......
Hi Rajeev:
ReplyDeleteWhere is this "I gave a call somewhere else " let me know the other site where you write
so I donot missout.
please take alook at following
image give you compare between 1929great depression vs Oct 2008 US financial CDS Mess.
http://www.portfolio.com/images/site/editorial/Flash/graphics/2008/10/Economy1929.gif
I feel we are in for worst times ahead in US ,unemployement is new problem facing US ,beware of 2009
-Hiren
Hiren,
ReplyDeleteI thought it would help you in someway.I didn't know that you have predecided that we will enter in bigger reecession then in 1929....ofcourse while reading books and sites etc....and that 2009 will be worse then 2008!and hence no need for even thinking of buying anything....I mean it is a CRIME to think buying now according to your view....atleast not before 2009!
I beg your pardon..henceforth I will not take your name in my post....as when you see scenario getting worst, then there is no need for recomending stocks of US market as well as Indian Market......nor u need to see such recomendation...
I hope u understand what I mean to say...
Thanks
Hi Rajeev;
ReplyDeleteMy intent to pass on the link was to pass on and share infomation with you. I dint mean to criticise you , maybe you taken it in wrong way....
Infact I was the one who had asked for your recommendation on US scripts because I belive you give scripts which has good fundamentals and you have neck of picking up good multibaggers, I also belive stock investement is full of risk in short term but long term fetch good returns. Thats why asked you which other site you write on so I also try to read it.
I am also a believer of people who recommend scripts when markets are down and appreciate you rightly doing it and do continue to do so as per your research and time you have.
Infact I used the wrong words "Beware of 2009" was in context of job security ,I would like to add is 2009 maybe the best year to invest like 2002 and 2003 was.
Also I don't belive US will go down to recession as bad as 1929 which lasted for 10years , it will be end of world if it happens in this jet age. But yes this recession is not similar to 2001,here 2 pillars of US economy housing and employment are weak so will take some time to recover. I also hope US donot get into mess of Credit Card default which people have started warning.
One more article which I would like to share with you .( Do you have yahoo id. Are still in Chicago)
http://www.gurufocus.com/news.php?id=37380
-Hiren