This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
Tuesday, October 28, 2008
Two Picks for the Long Term Portfolio
Yesterday, I made two buys for my long term portfolio. I rarely make buys for this portfolio but I couldn't help but notice two stocks that looked ripe for a long term buy. So, I decided to scoop up two of my past favorite Indian stocks: SLT and TTM. Both are stable companies that have taken a hit because of the emerging market mess. Despite this, I believe that once everything clears, these stocks will soon be off to their old highs. A high growth country like India will recover quickly from the market mess and its growing economy will help stimulate the stock prices of SLT and TTM.
Nick, nice call on SLT :>) and I have followed your blog for almost a year or less. Great blog and some great calls over this time. Keep it up and I will keep referring.....
ReplyDeleteThanks Lee,
ReplyDeleteI had a bit of luck with SLT. I've been following it for a while and decided to stay on the side lines until I noticed the stock overextended to the downside. So far so good. Thanks for checking out my blog. Please, keep reading and I'll keep on posting the best trades that I possibly can.
Best,
Nick M.
SLT - up nearly 44% from B.P
ReplyDeleteTTM- Up 52% from B.P