Filed under: Competitive Strategy, General Electric (GE), Citigroup Inc. (C), Bank of America (BAC), Goldman Sachs Group (GS), BP p.l.c. ADS (BP), Bargain Stocks, Chasing Value, S and P 500, Transocean Ltd. (RIG)
Buy on fear sell on greed is being put to the test today, as I post the first update to my ranting three weeks ago that the six most highly traded stocks receiving the most bad press would be a great contrarian investment. I went on further to claim that the punishment was exaggerated and that this group would easily out perform the over all market.
Normally, I would not post so soon but the market has done an about face (again) and I wanted to take a glance. The stocks I suggested buying were Bank of America (BAC), Citigroup (C), General Electric (GE), BP (BP), Goldman Sachs (GS) and Transocean (RIG).
Continue reading Chasing Value: Toxic Stock Update BAC, BP, C, GE, GS, RIG
Chasing Value: Toxic Stock Update BAC, BP, C, GE, GS, RIG originally appeared on BloggingStocks on Thu, 05 Aug 2010 15:00:00 EST. Please see our terms for use of feeds.
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Citigroup - Transocean - Bank of America - Goldman Sachs - General Electric