Re: I have money to invest
"Investing" money in individual stocks for me requires spreading it over time between 5 to 20 positions in different sectors and following it closely. I am recently getting back into the market as well and am cautiously running value screens and doing plenty of research. I am concerned that too much money is still being pulled out of the market and that the general direction will be down for awhile.
I like the following stocks at current prices and my price targets are all 20% to 30% higher:
Washington Mutual, WM
Wendy's, WEN
Eclipis, ECLP
Chico Fashions, CHS
Shufflemaster, SHFL
Phillip Morris, MO
Scholastic Publishing, SCHL
I have limit orders for 7 other stocks if the prices drop a bit.
My recommendations are cautious and include putting a loss limit on each position.
There are plenty of stocks that are still overvalued by conventional standards and you could profit by short-selling or buying puts or selling calls. That's another short story if you're interested.
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