of course you do im gonna take it and put it into nintendo
Just my opinion... I'd invest half in Covidien (COV), and the other half in Wachovia Bank (WB). Enter an all-or-none limit order to buy WB at 39. I predict Wachovia's daily stock price will drop back down to 39 within 2 to 3 weeks after momentum traders and investors looking too soon for the bottom get done with the mini-rebound currently taking place. Wachovia has a fairly safe 6.5% dividend, and by the end of 2008 the mortgage mess will be mostly behind us and WB's stock price will have rebounded to 50, imo. Covidien is a recent spinoff from Tyco, thus it is relatively unknown to many investors even though it has $10B in annual sales. Its stock price will double in the next 3 years, imo. By 12/31/2008 you should realize a nice gain from it, as more investors discover it. Barrons did an in-depth article on Covidien several weeks ago. If you aren't a subscriber, go to the library and find the October 3, 2007 issue. Hold the stocks for more than 365 days unless you want to pay taxes on gains at the income tax rate instead of the short-term capital gains rate.
of course you do im gonna take it and put it into nintendo
Just my opinion... I'd invest half in Covidien (COV), and the other half in Wachovia Bank (WB). Enter an all-or-none limit order to buy WB at 39. I predict Wachovia's daily stock price will drop back down to 39 within 2 to 3 weeks after momentum traders and investors looking too soon for the bottom get done with the mini-rebound currently taking place. Wachovia has a fairly safe 6.5% dividend, and by the end of 2008 the mortgage mess will be mostly behind us and WB's stock price will have rebounded to 50, imo. Covidien is a recent spinoff from Tyco, thus it is relatively unknown to many investors even though it has $10B in annual sales. Its stock price will double in the next 3 years, imo. By 12/31/2008 you should realize a nice gain from it, as more investors discover it. Barrons did an in-depth article on Covidien several weeks ago. If you aren't a subscriber, go to the library and find the October 3, 2007 issue. Hold the stocks for more than 365 days unless you want to pay taxes on gains at the income tax rate instead of the short-term capital gains rate.
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