Starting to add…
I started to add common on MA (initial position at the 150 level). I placed limit orders for PBR around 25, and JPM around 36. And I have plenty of GE (waiting for after earnings to add)
Too inexpensive to ignore. The market is now at a severe discount due to the troubles in the credit market. Stocks have value, the market players are ignoring this value.
Playing common because I do not want to deal with time decay, as I do not know when the credit markets will start to act normal (which will have an immediate effect on stock prices, pushing them upward).
PS… with the Fed Commercial Loan help, there should now be no question to GE’s insolvency… there is no threat now.
