STT/FLS. I am finding it difficult to step up for stocks in this current market upswing. Given past volatility, I have to believe another downswing is coming, and it's going to be more that a couple hundred DOW points in a day. And since everything seems to be tracking together, why buy anything now, when everything will be cheaper, perhaps much cheaper, in next week and/or in the following week?
I hold some stocks that I liked (bought) in July/Aug and although these stocks have moved up recently, the prices are still below my cost basis. I'm interested in averaging down to lower my cost basis, so I've added a few shares today to my positions. With a view that I'm prepared to buy even more if/as the stocks fall back in the next week or so.
Added to STT. Low p/stated bv, low p/e, low psr, generally rising stated bv, 2% dividend yield.
advfn.com
Added to FLS. "Flowserve Corporation develops, manufactures, and sells precision engineered flow control equipment." Relatively low p/e, past few years of higher roe and higher profit margins.
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