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Strategies & Market Trends : Fundamental Value Investing
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To: Sergio H who wrote (2376)10/2/2012 4:24:02 PM
From: The Ox  Read Replies (1) of 4719
 
Excellent. One last thought. Let's say today was the day we were going to put our cash to use. At the moment, the 2 stocks to buy would be CMI and UNP. If we buy CMI at $92 (approx), which is the stock down the most, we would only be left with around $42. This would not be enough to buy 1 share of UNP, the second laggard.

Since we can't buy a share of UNP, do we then go up the list of stocks until we find a stock we can buy?

In other words, going through the list of stocks sorted by highest loss/lowest gains. Eventually we would get to GLW and buy 3 shares as it's only up 11% VS. SLW which is up 21%.

Or do we simply buy the 1 CMI share and let the cash sit until the next reinvestment period? Either way works for me.

Note, this was one of the reasons I thought it would make the most sense to wait until 9 months before reinvesting our cash. The odds are better that we would be able to buy both stocks that were lagging.
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