Filed under: Forecasts, 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[TM], S and P 500, Transocean Ltd. (RIG)
A very common refrain among value investors, “my pal Warren” being head of the class, is buy on fear (sell on greed), and it is working with the toxic stock portfolio.
This is the second update to my ranting twelve weeks ago that the six most highly traded stocks receiving the most bad press would be a great contrarian investment, and that this group would outperform the overall market without much difficulty.
It was true earlier, and it is still true today as the DJIA topped 11,000 again. The toxic stocks list includes Bank of America (BAC), Citigroup (C), General Electric (GE), BP (BP), Goldman Sachs (GS) and Transocean (RIG).
Continue reading Chasing Value: Toxic Stock Update #2 — BAC, BP, C, GE, GS, RIG
Chasing Value: Toxic Stock Update #2 — BAC, BP, C, GE, GS, RIG originally appeared on BloggingStocks on Mon, 11 Oct 2010 10:00:00 EST. Please see our terms for use of feeds.
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