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Is it buy time?

Posted on 6/20/13 at 6:57 pm
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4781 posts
Posted on 6/20/13 at 6:57 pm
Im gonna hold out for another 3-5% drop (hopefully) and start picking up stuff on the cheap. What say the financial gurus?
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73083 posts
Posted on 6/20/13 at 8:23 pm to
hopefully we just started a nice correction. Make money going down then back up.
Posted by Beerinthepocket
Dallas
Member since May 2011
856 posts
Posted on 6/21/13 at 8:16 am to
I added about 20% to my portfolio from cash I had sitting on the sidelines. 3 of the companies I had been watching crossed below the price I had decided I wanted to buy them at.
Posted by I Love Bama
Alabama
Member since Nov 2007
37734 posts
Posted on 6/21/13 at 8:21 am to
Still on the sideline. ..waiting for the real drop
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 6/21/13 at 5:27 pm to
Probably not unless you can stomach a lot of volatility. The true "correction" won't happen for a while. They've already even hinted at the idea of further UE target adjustments below 6.5%. This week was ridiculous.

eta: talking about market as a whole, obviously not short term plays with attractive valuations.
This post was edited on 6/21/13 at 5:31 pm
Posted by kjacksonp
Mobile, AL
Member since Dec 2006
1067 posts
Posted on 6/22/13 at 3:50 pm to
I see no mention of Apple in this thread. It seems somewhat oversold with a price of around 413 and a estimated value of over 600 (according to Trefis.com).

Any opinions/thoughts?
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