Is a railroad recovery in the offing? Bernstein upgrades a pair of railroad names, taking both...

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BlueOkie Comments (2565)
 
I hear the train a coming, coming down the track. I'm a buyer of CSX
3 Oct 2012, 08:53 AM Reply Like

Dividend Surfer Comments (25)
 
Yes CSX is a good long term play. I Bought some more yesterday.
3 Oct 2012, 10:36 AM Reply Like

starfield77 Comment (1)
 
I have "played" the stock market, so to speak, for at least 30 years, with a fair amount of success and fun. It is no longer fun and I cannot say I am having much success. Just trying to "hold on" and to figure out what to do next.
3 Oct 2012, 04:20 PM Reply Like

BlueOkie Comments (2565)
 
I look at the market as a pricing vehicle. When I go to buy a company (not the stock), and I decide how much should I pay for the firm. Mr Market tells me what the price is. IF the price is too high then I wait and/or reevaluate my pricing thoughts. Periodically I double check with Mr Market and sometimes there's a offer I cannot refuse and I sell knowing I can always buy more at a later date.
Recent purchases were CSX and WHR. This first was because I wanted to own a railroad - got lucky it split shortly after purchase. The second I needed a consumer staple and a way to play the housing recovery. I saw WHR about 40% under what I was willing to pay for the company.It turned out to be the best performer in the S&P 500. Sometimes I roll the dice on a hunch, like RELV and get burned, but not more than I can stand to lose.
14 Oct 2012, 09:42 AM Reply Like