patrick.net

Like the last poster mentioned, no one knows what a particular stock will sell for in the short term because the market is an auction. I was going to sell a painting at Sothebys once. They said it was worth about $15,000. So, it's in the catalog and they have the auction but a few days before the dot.com bubble deflated, so no one bought it or much else. So, my painting was NOT worth what Sotheby's said. They offered to put it into the next auction for 1/2 of the original reserve.
As far as stocks in general, look around. The world runs on oil and capital. It also runs on food, transportation, drugs, and electronic gadgets. People ride around in cars, and like entertainment. Which companies succeed in the competition to provide these needs to a growing world appetite will probably go up in value or produce some dividends or both in the long term.
If I had to choose a stock today, among the last ones would be a badly managed company like B of A.
Generally I let Primecap Management worry about which stocks are good ones or not, but it's irresistable sometimes to buy Apple.

I am back in cash again. I'm going to sit out Labor Day most likely and see what happens next.

It's fun to look at old threads sometime .

I bought 500 shares of SJW earlier this week for $25.98 I think. I bought $300 shares of EWBC at $32.51, and 1,000 shares of ARR at $4.22.

I picked up 200 shares of SDRL for $33.01 recently when SFace mentioned about it. I'm looking to buy FEYE on a double bottom. I expect it to pull back to $27 in the near future. I intend to buy 200 shares of FB if it comes back down to $57. I intend to buy 20 shares of GOOG if it comes down to $525.

Been busy and haven't been paying too much attention to the stock market. When I closed on my apartment building in the next 3 weeks, I would be busy again.

I'm debating on submitting an offer on 1024 Hopkins Ave in Redwood City. It's a trophy building in my opinion. The reason I'm buying is because I can borrow money at 3% interest rate. Rents are $900/unit now, but I believe I can get $1,800/unit. I'm not buying it for cash-flow, but for pride of ownership. It will have a 4.5% - 5% cap rate after stabilized.

This thread is like asking someone; who makes the best car/truck? You first have to ask a few questions to figure out the (possible) answer. Are you in your 20s, 40s, in retirement? Risk tolerances? Trader or buy/holder?

If you are a long-term buy/holder of dividend paying blue chip stocks, I would say Coca Cola (KO), Johnson and Johnson (JNJ), and Philip Morris (PM)...

The 3% dividend yield for KO will double to 6% in 7 years, will pay increasing, stable dividends that will outpace inflation. It's done it for decades, and I have a good feeling it will continue to do so for many more..